Putting Cannabis Tax Revenues in Context A combined revenue gain in excess of $1 billion annually is a meaningful amount for these six states, though not a transformative one
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[10] According to Nobel Prize-winning economist Gary Becker, who has studied the long-run price elasticity of cigarettes, the tax increase as a result of the Children's Health Insurance Program Reauthorization Act increases the price of cigarettes 13.3% which ultimately means a 10.6% decrease in unit sales
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