FTI Consulting Estimates Illicit Tobacco Accounts for One-Third of Consumption in New…
What happened
FTI Consulting released estimates showing that illicit tobacco currently accounts for one-third of all tobacco consumed in New Zealand. The report also found that the illicit market cost the Government $817 million in 2025 alone. The New Zealand Association of Convenience Stores warned that New Zealand must act to prevent its illicit tobacco market from escalating into a situation similar to Australia's tobacco crisis.
From scoop.co.nz
Why it matters
The growing involvement of organized crime groups in the illicit tobacco market presents a significant financial risk to the country. The estimated $817 million loss to the public purse affects the Government's ability to fund essential services.
The Australian tobacco crisis serves as a warning regarding threats posed by illicit tobacco markets to New Zealand.
From scoop.co.nz
Who's involved
- FTI ConsultingBusiness advisory services company that released the estimates on illicit tobacco consumption.
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The entities involved
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FTI Consulting
business advisory services company
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