Tobacco stocks have continued to slide after the US Food and Drug Administration (FDA) on Friday announced to plans to slash the amount of nicotine allowed in cigarettes to make them less addictive and easier to quit.
In order to usher in new rules on nicotine levels, the FDA's Center for Tobacco Products will now try and check the chances of a black market for products containing higher nicotine emerging because of stricter rules on their use.
Another blow, so to speak, for smokers: The FDA wants to cut the nicotine in cigarettes down to nonaddictive levels. The FDA commissioner, envisions a world where cigarettes no longer create or sustain addiction, and that less harmful alternative sources are used to appease nicotine addiction.
The FDA's decision to regulate nicotine levels is the first time they've done so since gaining the power to oversee the industry in 2009.
Many smokers think it is less harmful if they switch to low tar or smoother flavor cigarette, so have you ever thought about what are the cigarette brands with lowest tar and nicotine? Thus, decreasing nicotine will not make cigarettes safe.
The Food and Drug Administration is the federal agency that regulates cigarettes, and it has been working to limit how companies can advertise cigarettes to children and require labels that state upfront how risky the products can be. Under expected revised timelines, applications for newly-regulated combustible products, such as cigars, pipe tobacco and hookah tobacco, would be submitted by August 8, 2021, and applications for non-combustible products such as ENDS or e-cigarettes would be submitted by August 8, 2022.
One inmate still on loose after 12 escape Alabama county jail
Underwood, who was then at a sheriff's conference in Gulf Shores Sunday night, said this number of workers on duty was normal. Six of the inmates were recaptured, but the other six were still on the loose, the sheriff's office said.
With almost 500,000 deaths attributed to tobacco use each year in the United States, the products are responsible for almost $300 billion in lost productivity and direct healthcare costs.
The agency also will seek input from the public on a variety of topics, including approaches to regulating kid-appealing flavors in e-cigarettes and cigars.
Matthew Myers, president of Campaign for Tobacco-Free Kids, said in a statement the new tobacco regulatory agenda proposed by Gottlieb "represents a bold and comprehensive vision with the potential to accelerate progress in reducing tobacco use and the death and disease it causes in the United States". Specifically, the FDA postponed the requirement that such products be approved by the agency.
"Importantly, we expect the FDA will encourage continued RRP innovation with the goal of increasing adoption of these products - a huge positive for MO [Altria Group] and PM [Phillip Morris International]", said Bonnie Herzog, managing director of Wells Fargo Securities.
The agency also announced an extension of an upcoming deadline for e-cigarette makers to submit applications seeking approval to continue selling products that entered the market after February of 2007.
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