SACRAMENTO A California law banning the sale of flavored tobacco products was placed on hold Friday after state officials said a referendum by the tobacco industry qualified for the November 2022 ballot.
The announcement means the law approved last year by the Legislature and signed by the governo
SACRAMENTO
A California law banning the sale of flavored tobacco products was placed on hold Friday after state officials said a referendum by the tobacco industry qualified for the November 2022 ballot.
The announcement means the law approved last year by the Legislature and signed by the governor is suspended until California voters decide late next year whether to affirm or repeal the ban.
“It’s a sad day for California when the money of Big Tobacco is able to delay the inevitable while continuing to addict and kill more Californians,” said former state Sen. Jerry Hill (D-San Mateo), who authored the law before he left office.
Altria Group (NYSE:MO), one of the oldest companies in America, also pays out one of the largest dividends. Shares of the tobacco maker yield 8.3% at Monday s prices, which should entice investors looking for stocks that pay out a steady stream of income. However, plenty of smart investors are worried that because of historic headwinds with tobacco use, Altria s dividend is too good to be true.
While many stocks with yields close to 10% can end up being a trap for income-seeking investors, I don t think that will be the case with Altria Group. Here s why.
Image source: Getty Images.
Tobacco is a centuries-old, stable industry
Two Altria employees to participate in one-year fellowship on racial equality, diversity and inclusion richmond.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmond.com Daily Mail and Mail on Sunday newspapers.
Nicholas Pritzker,
Riaz Valani: Complaint Against Adam Bowen, Altria Client Services Llc, Altria Enterprises Llc, Altria Group Distribution Company, Altria Group, Inc., Hoyoung Huh, James Monsees, Juul Labs, Inc. F/k/A Pax Labs, Inc., Nicholas Pritzker, Philip Morris Usa, Inc., Riaz Valani ( Filing Fee $ 402 Receipt Number 0313-14791885.), Filed By Oxford Area School District. (attachments: # 1 Civil Cover Sheet, # 2 Designation Form, # 3 Appendix)(finken, Tracy) Demand For Trial By Jury By Oxford Area School District. (jl )
Case number 2:20-cv-06361 was filed in the U.S. District Court for the Eastern District of Pennsylvania.
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