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E-Cigarettes And The Limits Of Regulation

Technology moves quickly and its impact can be far-reaching. A decade ago, how many of us could have predicted drones, self-driving cars, or even the iPhone? Regulation of new products and categories doesn’t move as fast. Certainly, we need rules around emerging tech-driven categories to ensure safety and quality for customers, as well as a healthily competitive market. But the regulatory bureaucracy dates back to the industrial revolution. That was a time of much upheaval in its day, but one that seems quaint in the era of automatic software updates and Moore’s Law. When it comes to innovation – the very soul of most tech-driven industries – the regulatory process can get in the way. The tension between innovation and regulation is why founders of tech-driven companies like mine wonder about the … Read entire article »

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Big Tobacco takes UK government to court over plain packaging

Big Tobacco took the British government to court on Thursday, arguing that the UK’s “plain packaging” law which will take effect next May, unlawfully takes away its intellectual property. Companies including Philip Morris International, British American Tobacco, Japan Tobacco International and Imperial Tobacco Group are challenging the legislation because it will prohibit all forms of branding on tobacco packaging, including colors and logos. The rule, known as “plain packaging,” would also require graphic warnings illustrating the health problems smoking can cause. It aims to reduce smoking’s death toll by making the packs less attractive. “Smoking is catastrophic for your health and kills over 100,000 people every year in the UK,” said a spokesman for the Department of Health. “Standardized packaging is an important public health measure aimed at discouraging children from smoking and … Read entire article »

Filed under: Cigarette brands, Tobacco laws

Should you have to be 21 to buy cigarettes?

he vast majority of smokers start before they turn 21. That’s not surprising. Most adults at age 30 or 40 wouldn’t dream of lighting up. They are better able to weigh the risks of smoking against — we use this term generously — the rewards. But too many younger people still light up. Even though they’ve heard the scary public service announcements. And the lectures from parents and teachers. Right now, in most states, including Illinois, people can buy cigarettes legally at 18. But Hawaii has raised its tobacco sales age to 21, effective next year. Several cities, including New York and suburban Evanston, have already raised the tobacco purchase age. California, too, is moving in that direction. And the American Medical Association endorses the push. Note, however, that we’re talking here … Read entire article »

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Nigeria’s 10th leading tobacco market-BAT

Nigeria is one of the ten largest tobacco markets in the world, says Managing Director, British American Tobacco, Mr Keith Gretton.British American Tobacco is the producer of Pall Mall cigarettes and Dunhill cigarettes. The Federal Government of Nigeria and rakes N15 billion taxes annually from the bat, its managing director added. Speaking when he visited Governor Babatunde Fashola of Lagos at the State House, Ikeja , Lagos, Nigeria’s south- west on Monday , Gretton found that out of 180 countries in the world where its products are sold , Nigeria is one of the top 10 leading markets for its product. Tobacco production kills millions worldwide every year and is one of the leading causes of lung cancer, which stopped a few lives in sub -Saharan Africa, with Nigeria the most affected. With Nigeria, … Read entire article »

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Stop CHP Fences Big Tobacco

The U.S. has a rare opportunity this week to rein in the tobacco industry, and claim its mandate to protect and save lives, while proudly carrying out cross-border diplomacy. U.S. Trade Representative should accept the offer to cut the defense of Big Tobacco Trans -Pacific Partnership (TPP), a mega – trade transactions among the 12 Pacific Rim nations, including the U.S. Americans generally like breathing smoking in bars, restaurants, offices, airplanes and elevators. The tobacco industry said, and they are not happy. Under existing rules of trade, predatory corporations tobacco contain new global rights to challenge the important tobacco control laws and regulations in the U.S. and other countries that help people quit smoking, and keep the kids from getting addicted , like the ban on clove cigarettes , as well … Read entire article »

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Philip Morris International and Reynolds American offer great value

 Philip Morris International had a tough second quarter, mainly due to adverse currency fluctuations. Gross income after excise taxes, came in at $ 7.917.000.000, missing $ 8.17 billion consensus by a wide margin. But almost 30% of the world market with the exception of the United States and China, and a significant presence in emerging economies, where there are population growth smokers; the owner of Marlboro may be facing a bad impulse.Philip Morris International is the producer of Chesterfield cigarettes and Marlboro Flavor Note cigarettes. Explaining the poor quarter Let’s start with the bad news. Philip Morris International, Inc (NYSE: PM) was once again lowered its profit forecast by 3%. As you can see the stock performance over the past month, the market did not take this lightly. The good news … Read entire article »

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Marlboro maker Altria profit up 3%

Marlboro maker Altria Group Inc. said Tuesday its second-quarter profit rose by about 3 percent as higher prices and lower costs of long-standing legal settlement offset declining cigarette sales. The owner of the country’s biggest cigarette maker, Philip Morris USA, also raised the lower end of its annual profit forecast. Richmond, Va.-based company earned $ 1.27 billion, or 63 cents per share, in the April-June period, compared with $ 1.30 billion or 65 cents a share, a year ago. Excluding one-time items, earnings were 67 cents a share, missing Wall Street expectations by a penny. Revenue, excluding excise taxes, decreased 2.8% to $ 4.5 billion. Analysts surveyed by FactSet expected $ 4.62 billion. Altria shares fell 90 cents, or 2.8%, to close at $ 36 on Tuesday. Cigarette volumes fell nearly 8%, to 33.8 billion … Read entire article »

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Oregon Court of Appeals restore law-tar cigarette lawsuit

The Oregon Court of Appeals on Wednesday breathed new life into a lawsuit filed by two Portland-area women who want the money they have spent on lower tar cigarettes back – claiming cigarette manufacturer Philip Morris long distorted the less harmful cigarette. The Court of Appeal opened doors for the women and an estimated one thousand Oregon smokers seek as much as one billion dollars from Philip Morris for allegedly cheating them to believe in light of Marlboro were not as bad as regular cigarettes because they contain less tar and nicotine. Plaintiffs highlighted research showing that some smokers of Marlboro Light or other lower-tar cigarettes inhale more deeply and took more puffs – negating any benefit of lower tar cigarettes. The women argue that in practical use, many smokers inhale Marlboro … Read entire article »

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The tobacco giant has returned after a decade of-long absence

Tobacco giant BAT returns to Myanmar after ten years of absence from operations in the country. In 2003 campaigners managed to successfully make the second-largest tobacco world company to leave because of criticism from the British government, in particular from former British Prime Minister Tony Blair and Conservative MP and former deputy chairman of BAT, Ken Clark. BAT said in a statement released Monday that about $ 60 million will be invested over the next five years to create a world-class manufacturing facility that will produce London, “the iconic brand’s international prestige and quality. The joint venture companies, BAT Myanmar Ltd, with IMU Enterprise Ltd (IMU), which will produce and sell BAT brands for the domestic market. IMU is part of a leading local conglomerate, Sein Wut Hmon Group, which has an extensive fast … Read entire article »

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The FDA has approved two new brands of cigarettes

The Food and Drug Administration on Tuesday began using one of the key powers of Congress gave him under the landmark 2009 tobacco control law: the last word in which the new tobacco products can be marketed and sold to consumers. The family Smoking Prevention and Tobacco Control Act gave the FDA broad powers to regulate everything from cigarettes to smokeless tobacco. Before his passing, companies can introduce new products without the blessing of any federal regulator. Since the law’s enactment, the FDA has received about 4,000 applications for the products that companies claimed were “substantially equivalent” to those already on the market, but the agency did not act on any of them. The FDA said it approved applications for two types of non-menthol cigarettes made by Lorillard after determining that a cigarette, … Read entire article »

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Cigarette manufacturers confirm the price increase

Cigarette prices are rising again, with the three largest tobacco manufacturers and expressed confidence that the next increase will not deter smokers in a sluggish economy. R.J. Reynolds Tobacco Co., Lorillard Inc. and Philip Morris USA confirmed on Friday that prices for most of its brands are growing. The increase will come into effect on Monday for Philip Morris and Reynolds t. Reynolds and Lorillard are raising the price list at 6 cents per pack, or 60 cents for a box. Although the list price is focused on wholesale and direct-buying customers, such as a rule, increases on to consumers. Meanwhile, Philip Morris is reducing their national invoices promotional discounts on bulk purchases and direct clients on all Marlboro and L & M styles to 6 cents per pack, effectively raising the price … Read entire article »

Filed under: Cigarette taxes, Tobacco laws, Tobacco news

Growing tobacco is not easy, but it is still tradition for many farmers from Kentucky

Tobacco cannot generate the revenue it used to do, but the crop from Kentucky is still worth about $ 400 million a year, despite the changes in the market and government regulations. And that number is likely to remain stable and can grow if the harvest is good, and prices remain strong this season. Burley manufacturers alone are expected to increase production by as much as 4,000 acres for the 2012 crop, according to the National Agricultural Statistics Service. In the past year, producer prices raised Burley 152000000 pounds, an increase of 19 percent compared to 2011 levels with an average yield of crossing 2,000 pounds per acre mark. However, the increase of tobacco has never been easy, and in the last decade it has become more difficult due to declines in … Read entire article »

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