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The stock extended losses for the second consecutive session after the government announced a sharp excise duty hike on cigarettes, effective February 1, 2026
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Tobacco use in Indiana 2021 Cigarette use: Indiana* Cigarette smoking rates in Indiana In 2020, 19.4% of adults smoked
With fewer people smoking cigarettes globally, the industry has pivoted the playbook toward electronic devices like vapes and heated tobacco products (HTP)
I know opponents will say flavours are essential because there will be heavy smokers who want to quit with e-cigarettes and they will not find it as attractive, but we have to think about the new generation of young people so that they dont get addicted to these products
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