The declines were in part a response to Californias new $2-per-pack tax increase on cigarettes that went into effect earlier in the year, according to Bonnie Herzog, managing director for consumer equity research, Wells Fargo Securities LLC, New York
The government put further CBD legislation forth in April of 2019 that requires any business selling CBD products to be licensed as a food establishment, to limit itself to selling pre-packaged products, and to not allow the use of those products on their premises
The ban also applies to capsule, click on, click and roll, crushball, or dual menthol cigarettes, and retailers must have sold through any remaining stock of menthol cigarettes by today
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