Attorney General Jason Miyares of Virginia announced today that the state has received a payment of $122.5 million from major tobacco companies as part of the Tobacco Master Settlement Agreement. The agreement, finalized in 1998, aimed to address violations of consumer protection laws and deceptive marketing practices by tobacco companies, which led to increased healthcare costs for the state.
Over the years, Virginia has received a total of $3.3 billion in payments from the Master Settlement Agreement, with annual payments helping to offset healthcare expenses related to smoking-related illnesses. The agreement also includes provisions to protect public health in Virginia, such as restrictions on youth marketing of tobacco products and tobacco-sponsored events.
Attorney General Miyares emphasized the significance of the Tobacco Master Settlement Agreement, stating, “The tobacco industry was completely reshaped by the Tobacco Master Settlement Agreement, which prioritized Virginia consumers’ safety over 25 years ago and continues to today. Carrying out this settlement is a core function of my office and I’m proud of how we proactively protect Virginians daily.”
Under the leadership of Attorney General Miyares and the Tobacco Enforcement Section, Virginia is committed to enforcing the terms of the Master Settlement Agreement, ensuring the state continues to benefit from the agreement, and regulating tobacco companies in accordance with state and federal laws.
For inquiries related to compliance, underage tobacco sales, or illicit distribution, individuals are encouraged to contact the Office of the Attorney General's Tobacco Enforcement Section.
Virginia's receipt of $123 million from the Tobacco Master Settlement Agreement underscores the ongoing efforts to protect public health and hold tobacco companies accountable for their actions.