Tobacco
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Altria to pay $235M in Juul-related settlement
The agreement covers over 6,000 lawsuits, leaving about 58 cases outstanding for the tobacco company.
By Jessica Loder • May 12, 2023 -
JUUL names new CFO, WSJ reports
Vittal Kadapakkam was most recently chief strategy officer for the company, which has also named Rudy Lawrence as its new COO.
By Jessica Loder • May 3, 2023 -
Juul to pay $462M in largest multistate settlement yet
Beyond the payouts, the agreement requires Juul products to be kept behind the counter in retail stores, and the company must verify the age of people selling or promoting its products online.
By Brett Dworski • April 13, 2023 -
Altria to buy NJOY for $2.75B
The acquisition also includes further payments of between $125 million and $500 million if more of the startup’s e-cigarette products are approved by the FDA.
By Jessica Loder • March 6, 2023 -
Altria considering NJOY e-cigarette acquisition, report says
The deal could keep the tobacco company in the vaping space as its Juul investment dwindles and faces ongoing FDA scrutiny.
By Jessica Loder • Feb. 28, 2023 -
Juul exploring potential deal with 3 major tobacco companies, WSJ reports
The reported preliminary discussions come as the vape maker is dealing with thousands of lawsuits and as legacy cigarette giants wrestle with smoking declines.
By Jessica Loder • Jan. 26, 2023 -
Maine is the latest state considering flavored tobacco legislation
State Senator Jill Duson has submitted a bill proposing a ban on such products as legislators around the country take up measures in the absence of a ruling from the FDA.
By Jessica Loder • Jan. 4, 2023 -
Juul settles another 5,000 lawsuits
The multidistrict litigation covers more than 10,000 individuals and requires payouts to states and territories as well as changes to the company’s marketing.
By Jessica Loder • Dec. 8, 2022 -
Jacksons to enter the cannabis segment next year
Jacksons plans to work with Canadian company CordovaCann on the marijuana shops, starting in Washington, Oregon and Arizona in 2023.
By Jessica Loder • Dec. 2, 2022 -
Retrieved from Infusionz LLC website.
FDA issues more warnings over CBD. Should c-stores be concerned?
The warnings target five companies selling CBD-infused products that the agency said may be mistaken for traditional food and beverage items and that, in some cases, are appealing to children.
By Brett Dworski • Nov. 22, 2022 -
California votes to ban most flavored tobacco products
Voters approved Proposition 31 this week, upholding a law that was signed in 2020 and making California the second state with such a ban.
By Jessica Loder • Nov. 11, 2022 -
Juul planning another major layoff as it struggles to stay afloat
This will be the e-cigarette maker’s fourth companywide layoff since 2019.
By Brett Dworski • Nov. 11, 2022 -
What happened to CBD in c-stores?
The pandemic and a hazy regulatory environment stymied the category just as it was taking off. But experts believe CBD can rebound in 2023 and beyond.
By Brett Dworski • Nov. 8, 2022 -
FDA’s denial of menthol e-cigarette products highlights increasing pressure
The agency last week issued a marketing denial order against several menthol e-cigarette capsules made by Logic Technology Development — the first time it has issued such an order.
By Jessica Loder • Nov. 2, 2022 -
Smoker Friendly adds 30 locations to its footprint with latest acquisition
Two big acquisitions, including Collett Enterprises’ 30 stores and Tobacco Superstores’ 79 locations, have boosted Smoker Friendly’s portfolio by over 60% in 2022.
By Jessica Loder • Nov. 1, 2022 -
Philip Morris buys U.S. rights to IQOS as it preps for domestic production
The company’s $2.7 billion agreement with Altria comes as the cigarette alternative is working to get back into U.S. markets.
By Jessica Loder • Oct. 21, 2022 -
DOJ files lawsuits against 6 vaping companies
This marks the first time the department has filed injunctions against suppliers for failing to heed warning letters by the FDA.
By Jessica Loder • Oct. 20, 2022 -
California flavored tobacco sales hinge on November vote
Prop 31 could cut revenue for convenience stores in the Golden State in cities where there is not currently a ban on the products.
By Jessica Loder • Oct. 19, 2022 -
Juul will pay $438M to settle multistate investigation
The agreement outlines marketing restrictions for the embattled e-cigarette maker, and follows other settlements centered on how it has allegedly advertised to underage users.
By Jeff Wells • Sept. 8, 2022