arizona tobacco tax rate Pro-Growth Reform in Tobacco use in Arizona 2021
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The treaty recommends that flavored tobacco products be banned or restricted, as their only purpose is to make tobacco more attractive

Below is the upside case: US doesnt ban menthol Share gains drive NGP revenues at 20% CAGR, to 13b GBP in 2030 55% incremental margins in NGP, creating 36% terminal operating margin (still a little lower than the company average) Flat 51% margins in combustibles with no menthol ban Stock trades at near market-ish multiple of 15x on substantial NGP transition The above are very much possible

My early job was to drop a plant in the row every 18 inches from a small basket carried on my arm
