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This is an exciting new product for the market, as it is free of all federal cigarette excise taxes, many state cigarette excise taxes, as well as the tobacco Master Settlement Agreement (MSA) payments and FDA [Food and Drug Administration] tobacco user fee payments, Mike Walters, vice president of sales at Global Tobacco, said

The measure also set minimum pack prices of $7.00, rising to $7.50 in 2024

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Most individuals carry a complex mixture of at least five

In 2010, a state House proposal to bump the tax by $1 per pack estimated the potential revenue increase at about $366 million on average over three years