USA Will Reduce Nicotine Levels In Cigarettes

The USA will reduce nicotine levels in cigarettes. The government of Biden is preparing to reduce nicotine to non-addictive levels.

When a report came out that the US was preparing to reduce nicotine in cigarettes to non-addictive levels, cigarette manufacturers' shares went down. British American Tobacco (BAT) fell 6.6 percent in London on Tuesday, while the market value of Marlboro's manufacturer Altria Group fell by about $ 6 billion on Monday. According to the Wall Street Journal, while the Biden administration is preparing to implement such a requirement, the Food and Drug Administration may ban menthol cigarettes. It is stated that menthol brands such as BAT and Newport are severely dependent. In Turkey, such a decision was implemented as of January 5, 2020, and the sale of menthol cigarettes was completely banned. Imperial Brands lost about 5 percent in London, while the shares of 22nd Century Group, which currently sells low-nicotine cigarettes, gained 11 percent. The industry had long anticipated a curtailment decision that could be brought to the level of nicotine in cigarettes. Citigroup analyst Adam Spielman stated that such a regulation would have serious implications for the cigarette industry, but also stated that it could take years to implement. Spielman said, "Political reality dictates that alternative cigarettes with lower risk must have more widespread access." He noted that there are very few alternative products for now.     This news has the contribution of Bloomberg HT.