“The bill was negotiated between Democratic lawmakers, Gov. Jared Polis’ office, health advocates and the Altria Group, one of the world’s largest tobacco companies. Altria is the maker of Marlboro cigarettes and a major investor in the vaping brand Juul. By July 2027, nicotine products would be taxed at 62% of their market list price.”
BILL TARLING — There’s no explanation why a tobacco company was included in the negotiations while vape companies were excluded. As well, note that “Modified-Risk Tobacco Products” [e.g. IQOS Heat Sticks] will only be charged 21% tax rate by 2027 compared to vapor products being charged 62% tax (same as cigarettes), so the tax on vape products will be almost triple — AND the Modified-Risk current rate of 40% tax is being lowered to 15% while e-cigs are starting off raised to 30%
Proposition EE explained: How much more cigarettes, nicotine products would cost in Colorado
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