What's Fair Trade Missouri All About?
Fair Trade Missouri is a statewide coalition formed to advocate closing the Allocable Share Release loophole in Missouri. Doing so eliminates the risk that the state will lose over $1 billion in funds derived from the Master Settlement Agreement, a loss that would negatively impact important programs such as early childhood development, mental health and veterans services, to name a few. To that end, Fair Trade Missouri is working to advance efforts to pass the Allocable Share Amendment.
Missouri stands as the only state in the country that has not closed the Allocable Share loophole by passing the Allocable Share Amendment.
- Close the “Allocable Share Release” loophole by ensuring that NPM’s escrow deposits are not immediately released, or refunded.
- Restore competitive balance by creating a level playing field that ensures all tobacco manufacturers and retailers are treated similarly.
- Still provide for NPMs to receive interest on the funds they place in escrow and guarantee that the funds in escrow will be returned, if the state does not settle with them or obtain a judgment against them within 25 years.