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Richmond: John C

In 2008, California's cigarette tax rate is almost as high as the pre-tax cost of a pack of cigarettes

Philip Morris International is currently sporting double digit growth rates while operating in a supposedly dying industry

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Source: Primary Data of Cigarette Price Monitoring in Jabodetabek (2021) Information: SKM: Machine Kretek Cigarettes SPM: White Cigarette Machine SKT: Hand-Rolled Clove Cigarettes The Machine-Rolled Cigarette (SKM) type has a very large market share of 71% and is far behind the SPM and SKT types of cigarettes, possibly due to the variety of cigarette brands in the SKM type which are more widely consumed among novice smokers (young people)

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