Only a Smokescreen? Big Tobacco Stands Down as Colorado and Oregon Hike Cigarette Taxes
By Editor - Tue Jan 12, 4:45 am
This story also ran on Fortune . It can be republished for free. Big Tobacco did something unusual in Marlboro Country last fall: It stood aside while Colorado voters approved the state’s first tobacco tax hike in 16 years. The industry, led by Altria Group, one of the world’s largest tobacco companies, has spent exorbitantly in the past to kill similar state ballot initiatives. In 2018, Altria’s lobbying arm spent more than $17 million to help defeat Montana’s tobacco tax ballot initiative. That same year, it spent around $6 million to help defeat South Dakota’s similar measure.
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