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3) the latest round was conducted after 2015

CECET Permits for Retailers of Electronic Cigarettes Starting July 1, 2022, California will impose an excise tax (CECET) on the retail sale of electronic cigarettes that contain nicotine

Nicotinic acetylcholine receptors (nAChRs) are members of the superfamily of cys-loop ligand-gated ion channels (cysLGICs)

Ever since modern e-cigarettes first hit the market in the mid-2000s, it's been marketed as being safer than regular cigarettes and a potential way to quit tobacco. The slim, battery-powered devices work by heating up an internal e-liquid to form vapours (hence the term 'vaping') which the user inhales

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Today, those numbers are $393 billion market value, yield 6.9%, and a P/E of 15.5