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Moreover, without a better understanding of the regulatory landscape, some insurers whose business model hinges on the ability to accurately price a risk may be unwilling to play in this new cannabis lounge market

If the federal government doubles taxes on a pack of 20 cigarettes, and this increase were passed on to consumers, state governments would in aggregate raise roughly $689 million less in revenue from excise taxes on cigarettes in the first full year after implementation.[19] In addition, when taxpayers pay more in tobacco taxes, they pay less in other taxes like income and payroll taxes

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