Hawai‘i Receives Over $84 Million from Tobacco Industry
Hawai‘i Attorney General Russell Suzuki announced that the State of Hawai‘i has received over $84 million as part of its arbitration settlement with the Tobacco Industry.
The settlement resolves an ongoing dispute between the tobacco companies and Hawai‘i, relating to compliance with the Tobacco Master Settlement Agreement (MSA) from 2004 – 2017.
The Attorney General reported earlier that the State expected to receive approximately $54 million. This amount only represented what the State negotiated for the funds that were withheld from Hawai‘i during the disputed years. The current payment of $84,749,797.79 not only includes the approximately $54 million, but also Hawai‘i’s annual disbursement pursuant to the MSA.