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In Victoria, where the majority of black market violence has occurred, this strategy has been publicly acknowledged by law enforcement, with Victoria Police Detective Superintendent Adam Banks, recently stating that we want to force the industry back underground so mum and dad smokers cant just walk down the road to buy the illegal products [90]

Calculate Excise Tax (AdultUse): 15% of AMR or contract price at wholesale transfer

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Tobacco Market Analysis by Growth, Trends and Forecast from 2025 to 2035 Industry Size (2025): USD 954.3 Bn Forecast (2035): USD 11984 Mn CAGR (2025 to 2035): 2.3% Global Tobacco Market Outlook 2025 to 2035 The industry is likely to reach a valuation of USD 954.3 billion in 2025, up from USD 921.4 billion in 2024

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