Which Tobacco Company Gets Hurt Most by a Menthol Cigarette Ban?
The decades-long decline the cigarette industry will only accelerate if the group of eight Democratic senators pushing the Food and Drug Administration to ban menthol cigarettes is successful. While cigarette volumes have been falling every year, the decline in menthol cigarette volumes has been less and at times has even shown growth.
Congressional efforts to kill off a profit center for the tobacco industry is simply another way of trying to hurt the companies without having the courage to vote on an outright ban. And a regulatory end run will allow the politicians to achieve their goals and further insulate themselves from any fallout.
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Source: Fool.com
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