How Wall Street Tobacco Deals Left States With Billions in Toxic Debt
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Alot of terrible press trying to link vaping to black market THC cartridges cut with Vitamin E acetate. These 'products' are not part of the legitimate vaping industry. Politicians see an opportunity to impose bans and are doing so in order to regain lost MSA revenue. MI and NY States have fallen already.
How bad are the deals? Great question. A handful of States borrowed $3 billion and put themselves on the hook for $64 billion.