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"Now that's not due, again, primarily to people quitting smoking, but rather taking that money [and] instead of paying tax on it, paying for illegal product that is going straight into the hands of organised crime." The tobacco industry commissioned research through FTI Consulting that shows illicit consumption made up almost a third of all tobacco consumed in 2023

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and will help them to manage the volume declines," Philip Gorham, an analyst at Morningstar Inc