“Outlawing the sale of flavored tobacco products for adults would deepen New York State’s budget hole, threaten the survival of thousands of mom-and-pop retailers, and place the jobs of frontline workers at these businesses at risk. That’s the conclusion of an economic study performed by Regional Economic Models Inc. (REMI) for the New York Association of Convenience Stores (NYACS). REMI estimated the proposed action would cost the state $3.4 billion in tax revenue over the next decade, cost shop owners nearly $500 million annually in lost sales, and eliminate 1,200 jobs in retail and related industries.”
ARTICLE LINK: Study: NY Flavored Tobacco Ban Bad for Businesses, State Coffers
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