Advertising is the engine that fuels the economy. Less advertising means fewer sales. Fewer sales mean reduced revenue and fewer jobs. Fewer sales also result in less sales tax revenue for the state. Consumers will suffer.
Advertising is an important source of information.
In fact, the U.S. Supreme Court in the landmark Virginia Pharmacy case noted that to many people, the information in advertising is more important than news about current issues. Prices may rise. Studies show that advertising fosters competition and helps lower the price of products and services. Less advertising means less competition. National advertising dollars will leave the state.