From Deseret News archives:
Tobacco funds coming soon to Utah programs
A settlement with Vibo, which does business as General Tobacco, was reached Thursday. Vibo will make an immediate payment of $78 million to 46 states and a full payment over the next 10 years of $1.7 billion.
The $337,603 will be distributed to the Utah Department of Health for the Children's Health Insurance Program and tobacco control efforts, Huntsman Cancer Institute, drug courts, Attorney General's Office for tobacco law enforcement efforts and a constitutional trust fund.
"Turnaround is fair play," Attorney General Mark Shurtleff said in a statement. "Since thousands of Utahns get sick and die from tobacco, it make(s) sense to make sure tobacco companies pick up part of the tab for Utah's health care costs."
General Tobacco is the largest cigarette seller in Utah that is not covered by the Master Settlement Agreement. Bronco, GT One, Silver and Champion are some of the cigarette brands the manufacturer sells.
Vibo represented the largest tobacco product manufacturer remaining outside of the settlement. The manufacturer is also the exclusive importer of cigarettes from Protobaco of Bogota, Colombia. Protobaco is now bound to sell all of its cigarettes in the U.S. through Vibo in accordance with the agreement.
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