Recently ProPublica published an extensive article about their investigations into the U.S. states and how they’ve used the money from tobacco settlements. Turns out, not so good. Too many states entered “it’s my money and I want it now” type deals with Wall Street think that the tobacco money would be as steady source of capital.
While I wouldn’t be foolish enough to say that this is the main reason why so many states are eager to regulate vaping and e-cigarettes I would definitely say that it is a major contributing factor. Since they bled the tobacco well dry they’re going to follow its old users and try to collect the money from their new, albeit less addictive, hobby.