Sure, it might be a bad thing for SF if too many people stop smoking cigarettes and switch to e-cigarettes. In the late 90s tobacco settlements, States and muni

Sure, it might be a bad thing for SF if too many people stop smoking cigarettes and switch to e-cigarettes. In the late 90s tobacco settlements, States and municipalities got payments from tobacco companies. Some of them traded that annuity income for up-front bonds. If too many people quit smoking, they might have to pay back those bonds[1]. [1] https://www.propublica.org/article/how-tobacco-bonds-work-and-what-can-go-wrong https://www.propublica.org/article/how-tobacco-bonds-work-an...