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Tobacco was introduced to European society through early exploration and trade with the Americas in the late 15th and early 16th centuries
Thus, Senator Robert Kennedy, who yields to no man in his hot pursuit of demagoguery, has introduced a bill that would tax cigarets on the basis of their tar and nicotine content, as measured by the FTC in a laboratory newly equipped with a federal smoking machine
Because consumption is affected by retail price, a federal tax hike, which would translate to increased retail prices and a decline in consumption, can impact the revenue generated by state governments
Spicy, aromatic and full-bodied, today it is also grown in the Dominican Republic
With the stock trading at about $40 today, this implies that the stock could rise about 15% per year over the next 2 years, or 33% in total: For reference, the stock market has averaged 10% annual returns over the long term
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