N.S. to receive $809 million from tobacco settlement

The province says it will receive $809 million from tobacco companies as the result of a nationwide lawsuit launched to remediate the healthcare costs related to tobacco use.

“The Government of Nova Scotia pursued this litigation to hold the tobacco industry accountable for the harms it has caused Nova Scotians and for the related healthcare costs,” Premier Tim Houston, said in a press release. “Those wrongful practices resulted in extraordinary costs to our healthcare system, and we set out to recover those costs.”

A mediated settlement was approved by the Superior Court of Ontario on Thursday.

According to the province, Nova Scotia is set to receive about $200 million in the first year and expects to receive the rest over the next 15 to 20 years.

The total value of settlement is $32.5 billion, with the provinces getting $24.7 billion.

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