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"Inmates who smoke now not only are breaking laws and losing a chance at early release, but also they are paying as much as $500 a pound to do it, he said

Thus, consuming 6 mg of nicotine in yield roughly equates to smoking 3 to 6 cigarettes

One study adopting this approach arrived at the conclusion that an optimal tax to correct for internalities might be as high as $15 per packfar higher than any tax in the nation

While the overall impact of such price absorption on the industry's EBIT (Earnings Before Interest and Taxes) margins will be restricted to 200-300 basis points, players having a higher share in the mass segment will feel a deeper pinch, Crisil said