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As of September 2020, Altria valued its stake at $1.6 billion, an eighth of its original investment, and Juul at under $5 billion

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Womens smoking remained fairly limited for much of the first-half of the twentieth century, perhaps as low as less than 5 percent prevalence in the 1930s and 1940s, and remained under 10 percent by the 1960s (73, 110)

[55] "Report of the Committee on Tax Evasion," Proceedings from the 38 th Annual Meetings of the National Tobacco Tax Association (Chicago: Federation of Tax Administrators, 1964), 56

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