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Moreover, the development of alternative nicotine delivery systems, such as e-cigarettes, has provided some smokers with harm reduction options

CVS had predicted that missing tobacco products would hurt annual earnings by 7 to 8 cents per share

One can speculate about the companys motives, but a likely one is that it knew the law it was pushing for would create barriers to entry for potential competitors

The groups, along with several others, wrote a letter to Zeller at the FDA in early March asking the FDA to revoke its decision on the marketing of the VLN products

The retailer is looking to slow the sales slide in tobacco and is investing in a back bar offering of new moderate nicotine products, he said, adding that 53% of adult smokers are looking to switch from cigarettes to non-combustible products