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It added: We no longer see BAT benefiting near term from transitioning smokers, given the lack of regulatory enforcement against illicit disposable e-cigarettes, resulting in low-single-digit percentage declines to its US business in 2025/26. While admitting that Imperials NGP positioning could hinder growth over the longer term, it believes the companys near-term earnings visibility is better as it has less of a premium cigarette portfolio and has lower exposure to US NGPs
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Although STAKE has historically spent a portion of its funding on grants to local law enforcement entities, it used the majority of the funding in fiscal years 202122 and 202223 to support its state-level actions to stop illegal sales of tobacco products to underage youthboth of which are allowable uses of its Proposition 56 funding
Supplementary information Additional file 1
At the start it might seem a bit harsh on your throat but once you get used to the taste, you wont be able to find anything better
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