Study shows first glimpse of how Californians responded to $2-a-pack increase
SACRAMENTO, Calif. -- A larger-than-expected drop in cigarette-tax revenue appears to be the initial result of California’s $2-a-pack increase that took effect April 1, according to a nonpartisan study . Instead of the expected 20% to 30% falloff in tax revenue, the Legislative Analyst’s Office,...
Bankruptcy proceedings ‘winding down’ with remaining creditors
SCOTTSDALE, Ariz. – Legal documents filed at the end of June show the bankruptcy process behind electronic-cigarette maker NJOY drawing to a close, according to officials with the newly emerged entity, NJOY LLC. Court papers filed in Delaware bankruptcy court on June 28 concerning the “old” NJOY...
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