What you won't hear in the news: Several states (e.g. California) have already borrowed heavily against unpaid future tobacco settlement income that will never be remunerated by the tobacco companies.
The tobacco settlement money is only paid when the tobacco companies earn a minimum revenue. As tobacco sales continue to decline, the future leveraged payments will not occur.
Great catch. Cash hungry socialist govts. need revenue from pot to replace their cigarette money,just too much.Maybe they should try capitalism. It produces tax revenue as well.
Needless to say, Colorado is going tax-happy over marijuana sales. I think it is something like 35% now and the pot heads are not happy. Another issue seems to be where and if marijuana can be smoked while tobacco cannot?