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This year, Kentucky received over $118 million from the Tobacco Master Settlement Agreement, bringing the total amount of funds received by the Commonwealth since 1998 to $2.66 billion, said Attorney General Daniel Cameron

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The psychological dependence that can develop from seeking intense highs may lead to harmful cycles of use and withdrawal

In fact, during the 1970s (highlighted in the chart below), when inflation averaged more than 7% annually, and both consumer staples and the broad market generated significantly negative real returns, tobacco stocks performed extremely well, with real returns averaging more than 6.5% annually, versus roughly -1.8% for both staples and the broad market