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The lawsuit, filed in U.S

Thats when taxes on cigarette packs will increase from $2 to $3.50

A more instructive comparison, though, might be New Zealand, which was the first to pass a generational ban before reversing it after a change in government in 2023

Martine, the treasurer's spokesperson, said the Series 2020 bonds "are structured to withstand year-over-year [tobacco] consumption decline," and the senior liquidity reserve accounts offer additional bondholder security in the event that pledged tobacco receipts underperform estimates

Theatlantic.com

Separately, San Francisco officials proposed legislation Tuesday that would forbid the sale of e-cigarettes in the city and ban companies such as Juul from occupying city-owned property, the San Francisco Chronicle reported