The FDA vaping ban could blow a hole in tobacco and cannabis stocks by skleb1234
between Altria and Philip Morris International have now been thrown into some uncertainty as the industry faces its greatest regulatory threat since the 1990s.
“While U.S. litigation risk was sufficient to break these companies apart back in 2008, U.S. regulatory risk is on the same plane, in our view,” Stifel analyst Chris Growe said in a recent note. Trying to offset decades of declining sales in traditional cigarettes, both companies have invested a good deal in e-cigarettes and cannabis Since the FDA’s announcement, Altria and Philip Morris shares have fallen by 7.5% and 3.5%, respectively.
Assuming e-cigarette flavors do become banned in the U.S., Altria will need the merger with Philip Morris to happen “so it can distribute Juul to the developed markets, all of which have varying rules and regulations,” CFRA Research analyst Garret NelsonThere is also “preliminary concern” among marijuana companies, with many worrying how the FDA’s proposed restrictions could “negatively impact cannabis-related regulations” in the U.S.
that he is “very worried” about the vaping situation in the U.S.—Aurora’s stock has dropped almost 15% since the FDA’s announcement last week.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Wants To Ban Vaping Because Melania's 'Got A Son'Trump said he wants to look into creating a ban on flavored e-cigarettes after 5 people have died from a disease connected to using them.
Read more »
Vaping illnesses: Cuomo bans flavored e-cigarettes amid vape crackdown
Read more »
'I was non-stop Juuling up a storm': 10 college students on their vaping addictionsThe conversations -- all with college students between 18 and 21 -- give anecdotal looks into how the nicotine-addicted are dealing with what officials have called a public health crisis.
Read more »
Here's how to solve health concerns about vaping: legalize cannabis | OpinionUnlike clandestine laboratories and street dealers, legal businesses can't hide from our customers, our regulators and the press if we were to produce dangerous products.
Read more »
Teens Won’t Listen to Warnings About Vaping — So One Doctor Is Using TikTokPoliticians are trying everything to get teens off vaping, but one doctor has found a social-media strategy — and kids are listening
Read more »
Why there's an uptick in vaping-related lung illnessesThe news about vaping is reaching a fever pitch. On Sunday, New York Governor Andrew Cuomo said he would ban flavored e-cigarettes, following Michigan's lead. Last week police in Wisconsin announced arrests in connection with a drug operation that was filling 3,000 to 5,000 illegal THC vaping cartridges
Read more »