Maryland Governor Wes Moore Signs 2024 Budget Coordination and Financing Act

Regulations by 2FIRSTS.ai

Jun.14.2024

Maryland Governor Wes Moore Signs 2024 Budget Coordination and Financing Act

Maryland Governor Wes Moore signed the 2024 Budget Coordination and Financing Act, increasing tobacco taxes and e-cigarette sales tax.

According to Wbaltv on June 13, Wes Moore, the Governor of Maryland, signed the 2024 Budget Coordination and Financing Act on May 16.

The bill stipulates that, in addition to other provisions, the consumption tax on cigarettes and the tax on wholesale prices of other tobacco products will increase. In addition, the bill also raises the sales and usage tax rates on e-cigarette devices, including e-cigarette liquid sold in containers containing more than 5 milliliters of e-liquid. The taxes on cigars and pipes, as well as containers with 5 milliliters or less of e-liquid, will not change.

The new tobacco product tax rates in the state are as follows:

Each pack of 20 cigarettes will increase by $1.25, with an additional $5 in taxes levied on each pack.

For each pack of cigarettes containing more than 20 sticks, the price increases by nearly 8 cents per stick, making the cost of each cigarette 25 cents.

Wholesale prices for other tobacco products (excluding pipe tobacco and cigars) have increased by 7% to 60% of the original price.

Sales and usage taxes on e-cigarette devices containing over 5 milliliters of e-liquid have been increased by 8%, bringing the total tax to 20%.

References:

[1] Taxes on cigarettes, tobacco products, e-smoking devices set to increase July 1 in Maryland

Also Read:

[1] Maryland Updates Indoor Air Cleanliness Law to Include E-Cigarettes

[2] Maryland Reaches Agreement on $63 Billion Budget, with New Taxes on Tobacco and Vapes

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Product | FLONQ Parent Company Launches New Vaping Brand ROQY: Two Hybrid-Nicotine Devices Debut in Russia

Alfabet Labs, the parent company of FLONQ, has recently launched its new vaping brand ROQY in Russia, debuting two products: ROQY L and ROQY M. Both devices use a hybrid nicotine formulation combining nicotine salts and freebase nicotine and are each available in 19 flavors. The two products are now on sale via the official ROQY website as well as multiple online and offline retailers across Russia.

Nov.19 by 2FIRSTS.ai

AG Miyares Argues Vape Ban Consistent with Federal Law, Seeks Dismissal

Virginia Attorney General Jason Miyares and Tax Commissioner James J. Alex have asked a federal court to dismiss a lawsuit challenging the state’s ban on flavored e-cigarettes. They argue plaintiffs lack standing because the products are already illegal under federal law. The state denies claims of federal preemption and asserts sovereign immunity, maintaining that its ban aligns with its authority to protect public health.

Nov.24 by 2FIRSTS.ai

Kenya Court of Appeal Halts BBC Defamation Case Linked to BAT Bribery Documentary

Kenya’s Court of Appeal has paused the defamation proceedings filed by National Assembly Speaker Moses Wetang’ula against the BBC. The case centers on a 2015 BBC documentary, Panorama: The Secret Bribes of Big Tobacco, which alleged that Wetang’ula received unlawful benefits from British American Tobacco (BAT) during his tenure as a senator.

Dec.02 by 2FIRSTS.ai

China Customs Seizes Over 265K Oral Nicotine Pouches; ‘ZYN’ and Unbranded Products Flagged for IP Violations

China Customs seized 265,140 oral nicotine pouches, including “ZYN”-branded and unbranded products, over suspected IP infringement and breaches of tobacco export rules.