Juul in Early Talks with Tobacco Companies for Sale or Partnership

Jan.27.2023

Juul in Early Talks with Tobacco Companies for Sale or Partnership

Juul explores possible sale, investment, licensing or distribution opportunities with Phillip Morris, Japan Tobacco, and Altria.

According to a January 26th report in the Wall Street Journal, vaping company JUUL is exploring potential opportunities for sale, strategic investment, licensing or distribution, and has recently held preliminary discussions with international companies Fima, Japan Tobacco and Altria Group.

According to sources familiar with the matter, negotiations are still in the early stages and there is no guarantee a sale or partnership agreement will be reached.

Reference:

The electronic cigarette company, Juul, is reportedly engaged in discussions with tobacco companies.

#Asia #Market #China #Disposable e-cigarettes #E-cigarette Companies

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China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

German Environment Minister Backs Ban on Disposable E-Cigarettes, Citing Safety Risks

German Environment Minister Backs Ban on Disposable E-Cigarettes, Citing Safety Risks

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Dec.30 by 2FIRSTS.ai

British American Tobacco Introduces Facial Age Verification in Italy, Pilot Covers 119 Stores

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The UK government plans to expand the scope of its e-cigarette ban to include playgrounds, off-campus areas, and areas outside hospitals.

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Feb.13 by 2FIRSTS.ai

South Korean Court Strikes Down Health Levy on Vape Nicotine Liquids, Citing Disproportionate Penalties

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A Seoul court has annulled South Korea’s health-levy assessments imposed on multiple importers of nicotine liquids used for vaping. While the court agreed the nicotine could be treated as “tobacco” because it was found to be leaf-derived, it ruled the levy—stacked with other taxes and calculated on a blunt, volume-only basis—was so severe it effectively deprived businesses of the ability to operate, breaching constitutional proportionality and equality standards.

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Walgreens has begun selling vape products again in some U.S. stores, marking a notable reversal after the chain pulled vapes from shelves in 2019 amid concerns over youth use and health risks. Juul says it is expanding across thousands of Walgreens locations, and NJOY also lists Walgreens stores as retailers.

Jan.26 by 2FIRSTS.ai

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Nebraska lawmakers are considering two tax bills targeting nicotine products. LB1124 would raise the cigarette tax from $0.64 to $1.64 per pack, while LB1238 would shift cigarettes to a 30% tax on the retailer’s purchase price and increase taxes on alternative nicotine and other tobacco products to 30%. The commentary argues the hikes could raise consumer costs, pressure small retailers, and increase cross-border shopping and illicit market activity.

Feb.04 by 2FIRSTS.ai

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