Philip Morris CEO says vaping crisis is 'very emotional' and will result in tightly regulated market

Kiyoshi Ota | Bloomberg | Getty Images

Philip Morris International CEO André Calantzopoulos said the vaping health crisis sweeping across the U.S. right now is highly emotional and will result in a tightly regulated market within the next two to three years. "It is a very emotional issue as we know because it involves use by teenagers and vaping and this should be the priority by everybody to address because this is a serious issue," he told CNBC'sin an interview Thursday. By the end of 2021 or 2022 "we will see a highly regulated market in terms of product, marketing and other restrictions."

He avoided saying whether the surge in regulatory scrutiny and investigations into market leader Juul played a factor in the company's decision to abandon merger talks with"In any merger, you have to take into consideration the environment, shareholder sentiment, and I would say the effort required versus the priorities we have just now on the market," he said.

Please Philip Morse is behind all of this they are not a good corporate citizen by any stretch of the imagination. They are a Slave legacy company

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