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A Quebec court in 2015 ordered the companies to pay damages of about C$15bn, a decision that was upheld in 2019

More than 6 million of those deaths are the result of direct tobacco use while around 890000 are the result of non-smokers being exposed to second hand smoke

In an industry where thinness is highly valued, cigarettes might be used as appetite-suppressants, she adds

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The brokerage said ITC may need to raise cigarette prices by at least 25% across its portfolio just to maintain current earnings per cigarette stick

Table 5: Change in Sales Due to Selected Changes in Tax Rates for Selected States The above sales responses can be used to compute the tax elasticity due to smuggling activity