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re: Then they came for our Zyn
Posted on 1/26/24 at 12:46 pm to GeauxOn
Posted on 1/26/24 at 12:46 pm to GeauxOn
For those that aren't familiar with the tobacco industry. Zyn is owned by Swedish Match, also the manufacturers of White Owl and Game little cigars. On! is manufactured by Helix Innovations, which is owned by Altria, who also owns PhilipMorris USA and USSR, so Marlboro and Copenhagen. Velo is manufactured by Modoral, which is owned by RJ Reynolds (BAT), who also owns RJR Tob and American Snuff Co, so Newport/Camel and Grizzly. All these companies also have vapor products
Posted on 1/26/24 at 1:05 pm to GeauxOn
While I don't disagree that big government likes to enact legislation to ensure optimal tax revenues, it doesn't exactly apply here. Cigarettes and OTP (Other Tobacco Products) are taxed differently. Most nicotine pouch (TDN) users were already users of OTP and in most tax jurisdictions TDN and OTP are taxed the same. If the Fed was truly worried about losing Cig tax revenues they would be opposed to the FDA national flavor ban (menthol) which at top estimates would result in a 30-35% decrease in Cigarette tax revenues. All that to be said, Congress is looking to double the federal excise tax on cigarettes. Both legislations would likely happen after the November election, due to the major impact to the democratic voter base.
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