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If voters pass Measure 108, the Tobacco and E-Cigarette Tax Increase for Health Programs Measure, it would increase taxes on cigarettes and cigars and introduce a new taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities

For instance, British American Tobacco reported a nearly 3% increase in shares after surpassing first-half profit expectations in 2025, driven by positive performance in the United States, which constitutes over 40% of its revenues

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Several systematic reviews and meta-analyses have reported somewhat divergent findings