All other tobacco products are taxed at 53% of the wholesale price.6,7 Clean indoor air ordinances Smoking is prohibited in all government and private workplaces, schools, childcare facilities, restaurants, bars, casinos/gaming establishments, retail stores and recreational/cultural facilities.7 Vaping is prohibited on Maryland Area Regional Commuter (MARC) trains and at MDOT MTA-owned stations.9 Flavor restrictions The sale of cartridge-based and disposable e-cigarettes with flavors other than menthol is prohibited.10 Licensing laws Retailers and wholesalers are required to obtain a license to sell tobacco products.6 A license is required to sell e-cigarettes.9 Youth access laws In December 2019, the United States adopted a law raising the federal minimum age of sale of all tobacco products to 21, effective immediately
CBD, vapes, wine, alcoholic drinks, and supplements are perfect examples of such items
The associated fines vary based on the number of regulation violations and the time period in which the violations occurred
The rise of smaller cigarettes could explain why total sales rose as the national smoking rate fell slightly
When considering the variety of funds on offer, investors should think about whether they want to invest in alcohol specifically or are looking for greater diversity