KPMG estimates that 34.2 billion counterfeit and contraband (C & C) cigarettes were consumed in the EU in 2020, representing 7.8 percent of total cigarette consumption and a loss of 8.5 billion ($9.7 billion) in taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities
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Of the $9 billion in revenue that e-cigarettes and vaping products are expected to generate in the United States by the end of 2019, about $6.4 billion (72%) will come from physical locations like convenience and drugstores, while $2.6 billion (28%) will be generated online and at other sources, according to a March research report by Wells Fargo Securities
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