Richmond, Virginia-based Altria Group Inc. has signed and closed a $12.8 billion investment in JUUL Labs Inc., the U.S. leader in e-vapor. The service agreements will accelerate JUUL’s mission to switch adult smokers to e-vapor products. Altria’s investment represents a 35 percent economic interest in JUUL, valuing the company at $38 billion. JUUL will remain […]
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FDA Sharpens Enforcement On Youth E-Cigarette Sales
The U.S. Food and Drug Administration (FDA) has stepped up a series of enforcement actions related to the sale and marketing of e-cigarettes to youth. On Sept. 12, the agency announced it had issued more than 1,300 warning letters and civil money penalty complaints (fines) to retailers who illegally sold Juul and other e-cigarette products to […]