Bloomberg Article
This is a long read but I thought it would be of interest to this community. Essentially, the article says that Phillip Morris is working to get out of the cigarette business. The next wave is a heat-don't-burn nicotine delivery device that doesn't create smoke.
The article also touches on how the FDA regulations have been good for "Big Tobacco" as it essentially makes it so that only those with large amounts of capital can act as startups. No one else can afford to bring new products to market.
This is a long read but I thought it would be of interest to this community. Essentially, the article says that Phillip Morris is working to get out of the cigarette business. The next wave is a heat-don't-burn nicotine delivery device that doesn't create smoke.
The article also touches on how the FDA regulations have been good for "Big Tobacco" as it essentially makes it so that only those with large amounts of capital can act as startups. No one else can afford to bring new products to market.