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Altria holds equity investments in Anheuser-Busch InBev SA/NV (ABI), JUUL Labs, Inc

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The legislation includes bans on use and sales of e-cigarettes where smoking is banned, use of e-cigarettes in stores such as specialty retailers, restrictions on advertising and promotion, sponsorship bans, ban on stretching tobacco brand names to e-cigarettes, display bans and authority to restrict flavours

I included some notes in the appendix, but the main takeaway is that not all tobacco taxes are created equal, and there could be efficiency gains from not just increasing the level of tobacco taxes but also from restructuring existing taxes