Cigarette companies are pouring billions of dollars into nicotine products that don’t come with the lethal health warnings of traditional smokes. New taxes risk stubbing out the returns on those investments.
Global tobacco companies’ smokeless brands are booming. For the first six months of the year, British American Tobacco and Philip Morris International reported 50% and 35% on-the-year sales growth, respectively, in their noncombustible portfolios, which include everything from oral nicotine pouches to vape pens. Altria ’s Marlboro heat sticks grew 40% in the second quarter versus the comparable period last year.
If the shift is successful, cigarette companies should be less exposed to the risk of tighter tobacco regulations in big markets such as the European Union and U.S. Valuations could benefit. Shares in Swedish Match , a company that makes two-thirds of sales from noncombustible nicotine products, trade at aOne uncertainty is how governments will tax these new products.
You cannot tax away addiction, it can only be treated.
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Yeah that’s why the FDA banned sale of nic salt juices and yet Juul (owned by Marlboro) is still allow to sell their nic salt cartridges. How much did Marlboro pay FDA to ban their competition?
The sooner tobacco sales are diminished, the quicker the health effects from smoking will become a thing of the past. Still have a long way to go, but on the right path.
I thought this would be classified as being a weapon of mass destruction. Banned!
wow