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These companies, which operate in a variety of industries including food, beverage, hygiene, cleaning and tobacco, are likely to have steadier cash flows and more predictable earnings when compared to other more cyclical industries

In an effort to recoup some of the revenue lost to Nevadans purchasing fewer tobacco products, the Nevada Tobacco Control & Smoke-free Coalition has told lawmakers that hiking the tax would, ostensibly, generate more revenue while simultaneously pushing even more Nevadans to kick the habit a win-win for public policy

Moreover, emerging research suggests that e-cigarette use may be a risk factor for future tobacco use by adolescents

The craving for nicotine can override rational decision-making, leading to continued use despite knowing the negative health consequences

The Department of Justice did not immediately provide comment