FDA Wants to Ban Menthol Cigarettes

FDA to Crackdown on E-Cigarettes Some Minnesota Cities Already Leading the Way

FDA to Crackdown on E-Cigarettes Some Minnesota Cities Already Leading the Way

U.S. FDA Commissioner Scott Gottlieb, in a wide-ranging interview, said they are looking to regulate nicotine in cigarettes in order to migrate smokers to modified risk products.

Rothmans and Lucky Strike owner British American Tobacco (BAT) has seen billions of pounds wiped off its market value after a report claimed USA regulators are planning to ban menthol cigarettes.

Menthol accounts for 36pc of the USA market, according to analysts at Barclays, and generates around a quarter of BAT's profit as it owns Newport, the biggest menthol cigarette brand in the US.

Earlier this year, San Francisco passed a prohibition against the sales of menthol cigarettes and flavored e-cigarettes. Clove cigarettes were previously taken off the market, and now the agency is taking a tougher approach to alternatives, too.

Kyrsten Sinema Pulls Ahead In Arizona Senate Race
Now, all will follow the standard set by Maricopa, Pima and two other rural counties that allow for post-Election Day cures. The county recorder for Maricopa County , where 60% of Arizonans live, is also tweeting out the progress.

Last week, the Imperial Brands chief executive, Alison Cooper, told investors that the company was targeting ambitious growth plans at "next-generation products"; it owns the blu e-cigarette brand. "The agency said use of the cigarettes, which are flavoured with the compound menthol, was likely associated with increased smoking initiation by youth and young adults, possibly because menthol helps reduce the throat irritation caused by cigarette smoke", the Wall Street Journal wrote.

But it is thought that a ban could take up to two years to come into force.

The decline in BAT shares illustrates that while the Lucky Strike maker is expanding into vapor and heated tobacco products, the company is still very much a cigarette business. The company didn't immediately respond to a request for comment. The tobacco company's share price has slumped by nearly 40% over the previous year.

Imperial Brands shares fell by more than 3%, shaving around £1billion off its market value. The Winston maker gets about 15% of earnings from menthol cigarettes in the United States, according to Jefferies. Contributions of 200 words or more will be considered for publication.

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