Carreras Limited, local distributor of cigarettes and tobacco-related products, says its sales have been hit hard, slipping by almost a quarter, nearly three months into the ban on smoking in public spaces.
Carreras contributes almost $11 billion in taxes to the nation's coffers annually, representing approximately four per cent of the national Budget.
Head of corporate and regulatory affairs at Carreras, Christopher Brown, says between July and September 30, the company's sales fell by about 25 per cent over the corresponding period last year.
Brown insists the company is not opposed to the Government's obligation to meet national and international priorities; however, he says a major problem lies in the lack of clarity as it relates to where individuals can smoke.
Brown says the fall in sales will impact the National Health Fund, which gets 75 per cent of its revenue from tobacco sales.