Mass. - Experts say cigarette sales could increase

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LoveVanilla

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FYI,
Experts say cigarette sales could increase as state-wide vaping ban continues
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The Massachusetts vaping ban that has been in effect since September may be sending smokers back to the pack. Experts say the war on e-cigarettes could come with an unintended consequence.
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Doctors are worried the vaping backlash could drive people back to smoking cigarettes.
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According to the CDC, smoking cigarettes is the leading cause of preventable death killing about 480,000 people every year.
 

zoiDman

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Doctors are worried the vaping backlash could drive people back to smoking cigarettes.

It's Funny.

They say they are Concerned about people going Back to Smoking.

But they are Not Concerned Enough to say much Publicly before someone Bans or Pushes for Heavy Handed e-Cigarettes Regulations.
 

GOMuniEsq

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Well that is the goal.

In the master settlement, states became entitled to a fee per cigarette sold. Some of them greedily wanted the money up front, so they sold bonds based on the predicted revenue from future sales. E-cigs came along and people started quitting more rapidly than expected, which threw off the predictions and turned the bonds into unsecured debt. Banning vaping is their way to restoring equilibrium and balancing their books.
Who Is Really Behind The Attack On Vaping? - Vaping Blog
 

Rossum

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In the master settlement, states became entitled to a fee per cigarette sold. Some of them greedily wanted the money up front, so they sold bonds based on the predicted revenue from future sales. E-cigs came along and people started quitting more rapidly than expected, which threw off the predictions and turned the bonds into unsecured debt.
Actually it's worse than that. Some states (New York being one) guaranteed their tobacco bonds would be repaid out of general revenue if the MSA payments weren't sufficient.

I do not think there's a state politician alive who would be willing to tell the citizens of that state that a tax-hike is necessary to make payments on tobacco bonds. And they can't make up the difference by increasing cigarette taxes either, because doing would inevitably decrease the MSA payments to that state.
 
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