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However, lawmakers should consider allocating revenue to fund societal cost associated with alcohol consumption

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Asset management and advisory companies occasionally publish high-level financial opinion pieces, often with a short-term focus and sometimes come to contradictory conclusions.10 11 Genus Capital Management (Genus), a Canadian wealth management company and a signatory of the Tobacco-Free Finance Pledge, investigated the merits of holding tobacco stocks for financial performance in 2019.9 Genus found that over the period 19982018, investment portfolios including tobacco stocks did not outperform analogous portfolios excluding tobacco stocks

Journal reference: Gupta R, Singh PK, Rout S, Mariano LC, Yadav CP, Singh S (2025)