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New York slaps a state excise tax of $4.35 on each pack, pushing the retail price of 20 cigarettes in the Empire State to $10.45 the highest in the nation, per the Sales Tax Handbook

We will need to carefully consider young adults as well," said Annette Kaufman of the NCI's Tobacco Control Research Branch
When states legalize marijuana, taxes on legal product should be low enough to allow legal markets to compete with illicit markets, thereby reducing individual and societal harm while generating more revenues

Economic theory demonstrates that, given certain conditions, free markets are efficient

doi:10.1007/BF02862960
