tobacco

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Jan. 11, 1964, the U.S. government issued its first health warning against cigarettes. Where Was The Market: The S&P 500 traded around 76.45 and the Dow traded near 766.08. What...

The percentage of U.S. adults who smoke cigarettes has dropped to a new low of 11%, thanks to a sharp decline in smoking rates among young adults who are choosing healthier habits such as cannabis consumption.  Twenty-six percent of people between 18 and 29, that is older Gen Zers...

With cannabis being set free from a decades-long stigma and its recreational and medical use more widespread, the question arises: is smoking weed dangerous? While it is scientifically proven that smoking tobacco harms nearly every organ of the human body, researchers are divided on marijuana...

Roughly 33% of US adults report owning a gun, according to a 2021 Georgetown University firearms survey. By the end of 2022, New Frontier Data expects 4.7 million Americans to be registered medical cannabis cardholders. How those two figures impact one another remains uncertain. But with federal...

Faced with challenging industry dynamics, economic headwinds, and unresolved doubts regarding any federal regulatory reform, investors have become less willing to pay for rosy EBITDA growth projections. The chart is based on data from 253 companies, arranged into ten industry groups. Several...

When State Rep. James Hieb (R) went to the Clackamas County Fair this past week to greet constituents and eat some homemade pie, he instead ended the night in handcuffs after a row with a female fairgoer. As Hieb was leaving the fairgrounds, he decided to light up…a cigarette, that...

The U.S. Food and Drug Administration (FDA) is set to announce it will ban Juul brand e-cigarettes in the country, wiping away a significant chunk of the $21.63 billion industry of which Juul owns 41%, according to the Wall Street Journal. Shares of Altria Group Inc (NYSE: MO), which owns a 35...

This article was originally published on The Bluntness, and appears here with permission.  As more big business movers and shakers appear to be ratcheting up their incursions into the cannabis industry, industry advocates are stepping up their defense.  In March, the U.S. saw the creation...

In the past thirty years or so, there has been a major shift in the public perception of both tobacco and cannabis industries. The popularity of tobacco has been on a slow decline, while cannabis use (and acceptance) is on the rise.  But what do the futures of these markets look like from a...

By Barbara Pastori, Prohibition Partners. A few weeks ago, Philip Morris (NYSE: PM) CEO Jacek Olczak made the news with a series of seemingly counterintuitive remarks. Namely, that the tobacco giant may soon stop selling cigarettes in the UK, while urging the government to ban smoking...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Kaival Brands has recently begun in-house production of the revolutionary Bidi Pouch, with views towards commercializing it from...

Marlboro cigarette maker Philip Morris International Inc. (NYSE: PM) announced Friday a deal that would give a further thrust to its "Beyond Nicotine" strategy. The Philip Morris-Vectura Deal Terms: New York-based Philip Morris said it has agreed with the board of Vectura Group plc (OTC...

Truck drivers transported loads of contraband tobacco from North Carolina to Mohawk territory in New York and returned with bags of cash and counterfeit cigarettes as part of a U.S.-Canada smuggling ring that evaded nearly $700 million in taxes, according to federal prosecutors. It lasted for nine...

The Swiss-American multinational Philip Morris International Inc. (NYSE: PM), may join other cigarette producers that have already jumped into the cannabis industry. What Happened Marlboro is analyzing key components of the industry, such as the “toxicity of cannabis, efficacy...

There’s no question Americans are facing unprecedented stresses these days. Data suggests some Americans are relying on vices such as alcohol, tobacco and cannabis to get through the health crisis. At the same time, gamblers have been driven online for the time being due to casino closures....