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To offset these costs, the Regulations would need to reduce the annual rate of vaping product initiation by 1.03% relative to the baseline initiation rate

Most common among these flavorings was diacetyl, which was detected above the laboratory limit of detection in 39 of the 51 unique flavors tested by the team

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"The current increase in cigarette tax rates will therefore not only likely stimulate illicit cigarette trade and consumption that is already flourishing due to high tax arbitrage, but it will also lead to significant socio-economic impacts," Artha Arbitrage Consulting said in the report