Effective legislation has the potential for a rapid domino effect of other governments adopting the same proven policies. Much the same way that California’s early smoking bans spread to other states, Australia’s approach could become the norm in other nations, as well.
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Austin Smith owns shares of Philip Morris International. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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