Tobacco Revenue Down, Vape Sales Up in NL
Summary
The provincial government's tobacco tax revenue has decreased significantly since 2020, falling from nearly $135-million in the 2020-2021 fiscal year to just over $57-million in 2024-2025. Conversely, revenue from vapour product taxes has been steadily increasing since the tax was introduced on New Year's Day in 2021. The first full year of the tax generated $4.6-million, and last year it resulted in over $7.5-million in revenue.
(Source:Google News)