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Since cigarettes are responsible for the majority of the selected companies revenues, and since they have struggled to raise net-of-tax prices, it follows that declining cigarette sales volumes have negatively affected their revenues

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Also, these studies typically dont evaluate the cognitive deficits that happen with nicotine withdrawal between doses or during longer-duration efforts to quit nicotine

The effect of a new tax on vaping products which has not previously been taxed is a bit more uncertain, and fiscal analysts haven't yet altered their budget forecasts to reflect a potential tax-driven slowdown in the "other tobacco products" category, where the revenue will flow