2021 Tobacco Master Settlement Agreement Payment Forecast

Colorado receives annual payments from tobacco manufacturers as part of the Tobacco Master Settlement Agreement (MSA).  In April 2020, the state received $82.4 million, which was used to determine distributions to MSA‑funded programs for the current FY 2020-21. 

This document presents a forecast for annual receipts from the Tobacco MSA through FY 2022-23.  The state is expected to receive $76.4 million in 2021; the actual amount received in 2021 will determine disbursements to MSA‑funded programs in FY 2021-22.  Payments are expected to be $72.8 million in 2022 and $76.5 million in 2023.