March 5, 2019 Charlie Minato Regulations,  Taxes

Maine Bill Would Quadruple Cigar Tax

A new bill in Maine could more than quadruple the tax on cigars and other tobacco products in the state of Maine.

L.D. 1028 would increase the tax on cigars from 20 percent of the wholesale price to 81 percent of the wholesale price. Per halfwheel estimates, a cigar that has an MSRP of $9.50 likely retails for around $11.40 in the state of Maine before sales tax. If the bill passes, it would increase to $17.20.

If passed, Maine would have the second highest taxes on cigars.

The bill was introduced by Rep. Joyce McCreight, D-Harpswell, and is co-sponsored by a bipartisan group of nine other legislators.

Joyce McCreight L.D. 1028 Maine Taxes
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Charlie Minato

I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I have written about the cigar industry for more than a decade, covering everything from product launches to regulation to M&A. In addition, I handle a lot of the behind-the-scenes stuff here at halfwheel. I enjoy playing tennis, watching boxing, falling asleep to the Le Mans 24, wearing sweatshirts year-round and eating gyros. echte liebe.

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