Tag Archives: new era of tobacco

Tobacco bonding pros and cons

Tobacco bonding has pros and cons. Securitization allows cash-strapped states to use the tobacco dollars right away, rather than wait for smaller payments spread over a number of years. The flip side is that the interest a state must pay investors who buy the bonds can really add up. In the end, a state may end up with a fraction of the money it otherwise would have received over the long term.

New era of U.S. tobacco regulation at hand

In a historic shift in public health policy almost half a century after the U.S. surgeon general first warned of the lethal dangers of smoking, Congress is poised to give the federal government sweeping new authority to regulate the manufacturing of cigarettes and other tobacco products.