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In recent months, Bonnie Herzog, managing director of consumer equity research for Wells Fargo Securities, New York, has been suggesting a brighter future for tobacco companies, saying that while cigarette consumption has been on a slow decline, price elasticity and portfolio diversification has been helping tobacco companies prepare for the future

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All of the revenue increases from the tobacco tax increase and floor tax will be deposited into either the Long Term Care Provider Fund or the Hospital Provider Fund for Medicaid funding in FY2013 as well