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Friday, December 20, 2019

Congress approves raising tobacco age to 21

The minimum age to purchase cigarettes, e-cigarettes and other tobacco products will be raised to 21 nationwide under the spending bill passed by the Senate on Thursday.
The two biggest U.S. cigarette manufacturers, Altria (NYSE:MO) and Reynolds American (NYSE:BTI), both supported the age restriction, as did Juul Labs (JUUL), which has been sharply criticized over a surge in underage vaping.
Nineteen states have already passed laws raising the minimum tobacco purchase age to 21, including California, Texas and New York.
Selected tickers: PMVGROTCPK:GLLAOTCPK:VAPEOTCQX:IMBBY

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