With tobacco excise rates up 282 per cent since 2013, Treasury also admitted the high cost of legally purchased cigarettes was driving a fall in tax revenue.

Prices of tobacco and smoking products in the U.S. rose 6.8% in January compared to a year ago on an unadjusted basis.

House Bill 1570 aims to raise taxes on products like cigarettes and smokeless tobacco for the first time since 1993.

But the results add to evidence from animal studies and reports that people are finding drugs like Ozempic and Wegovy helpful ...

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

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