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For example, people with metabolic risk may stop smoking and switch to vaping after health concerns emerge

Smokers consumed 5.9 trillion cigarettes in 2009, enough for every person alive to smoke 865

The tax on cigarettes is $1.25 per pack of 20 cigarettes plus county rates and 17% of the wholesale price on other tobacco products

All these toxins can potentially cause serious diseases and impair the overall health of both smokers and those who are passive smokers, but are often exposed to tobacco smoke

I would not rule out a contagion effect on traditional issuer general obligation debt should the market require a temporary yield premium