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The 1997 Tobacco Act put in place strong restrictions on tobacco advertising and promotion

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California's illicit cigarette market has grown rapidly since the passage of Proposition 99 in 1988, and even faster since Proposition 10 in 1998

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Factors to Consider Before Investing in Tobacco Stocks There are various factors one should take into account before investing in tobacco stocks: Taxation High taxation on tobacco products can significantly affect profitability