David Adelman of Morgan Stanley Dean Witter testified on April 30 that the 2003 average retail price will reach at least $4.53 per pack if the Commerce Committee bill is adopted. His analysis also indicates that the price under this bill that is on the floor right now could actually grow to $5.66 per pack or higher within 5 years.
Discussing the potential impact of a Commerce Committee bill on retail tobacco prices.
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