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Specifically, the percentage change in vaping initiation needed to offset the regulatory costs under two additional scenarios was analyzed (1) assuming a 1% reduction in the annual rate at which adults who smoke switch to vaping, and (2) assuming a 10% reduction in the annual rate at which adults who smoke switch to vaping

Margins were thinner for cigarettes at 15.18% vs

[*] North Carolina is the only contiguous state excluded, for reasons discussed above under "A New Estimate of Interstate Cigarette Smuggling Rates." A more detailed discussion of the model is available in "Appendix A: The Econometric Analysis" at the end of the book.) [] The model is based on the differences between a state's cigarette taxes and the cigarette taxes of other states

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He created cigarette cards to showcase his product and spent nearly $800,000 on advertising, which would be about $25 million today

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