british american tobacco ownership $BTI: Analysis, Valuation, and Pricing, 2022 BAT Announces Agreement to Acquire

Tobacco companies have made strategic financial contributions and worked to align themselves with Black leaders and politicians, and mounted huge opposition campaigns against local policy efforts to restrict menthol tobacco products

In at least 13 statesincluding Alabama, Alaska, Arizona, Arkansas, California, Colorado, Indiana, Massachusetts, Michigan, Nebraska, New York, Pennsylvania, and Rhode Islandand the District of Columbia, lobbying firms or employers can register in place of individual lobbyists, allowing the tobacco industry to mask from public view the actual number and names of individual lobbyists who are working on their behalf in those states

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To the extent that these regulations result in a flight to the illegal sector, then government revenues may decline, alongside legal revenue to the suppliers

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