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Such an increase represents a 57.5 percent increase in the state tax and is estimated to cause a 25.3 percent decline in sales due to the increase in smuggling

A person smokes a pack a day, he is paying $60 a month extra, said Sunny Basi, co-owner of Classic Smoke Shop

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Notwithstanding these threshold limits, if the number of unstamped packs exceeds 500 packs, it shall be prima facie evidence of willful intent to defraud

Looking ahead, Altria has guided for an adjusted EPS of $5.11 per share midpoint, representing a rise of 3% from the previous year