The world's most expensive one, the Gurkha Royal Courtesan, costs over $1.3 million (5)
I believe the answer is:
cigar
(Other definitions for cigar that I've seen before include "A roll of leaf tobacco" , "Close, but no ___ !" , "Roll of tobacco leaves for smoking" , "Eg, Havana, panatella" , "Eg, a cheroot" .)