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We need to have a look at how big this excise [tax] is, how its driving illegal tobacco sales in our community, he said to the ABC

China Tobacco has made the sale of less harmful, low-tar cigarettes a core business strategy, investing hundreds of millions of dollars in tobacco science research

British American Tobacco: Not Simply Philip Morris' Lagging Sibling Summary British American Tobacco is rated as a Sell due to unclear growth in its Vapour and Heated Product segments, margin dilution, and regulatory headwinds despite a ~5.4% dividend yield

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It remains to be seen how well the scare tactics will work