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The state Independent Fiscal Office estimated the change would generate $45.7 million in the 2016-17 fiscal year

Medical doctors sometimes prescribe CBD to treat chronic pain, anxiety, symptoms of Parkinson's Disease, and reduce epileptic seizures, which don't respond to conventional medicine

However, the airline has strict regulations regarding electronic cigarettes, which must be carried in carry-on baggage and cannot be used or charged on the aircraft

In response, lawmakers in some states this year have moved to impose stricter potency caps, while others have scaled back or rejected such measures amid industry opposition and uncertainty over research findings

The company pays a $4.24 per share annual dividend -- $1.06 quarterly -- for a current yield of 6.43% at around $66 per share