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Marlboro owner makes $1.8 billion bet on marijuana One of the world's biggest tobacco companies is diving into the cannabis market with a $1.8 billion buy-in

However, when people quit later in life, its harder for them to regain the time lost to smoking

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It is not just a habit change

Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and typically make up a relatively small and volatile portion of state and local and, to a lesser extent, federal tax collections

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