Public health
from24/7 Wall St.
2 days agoAltria's Best Growth Opportunity Is Running Into Bureaucratic Foot Dragging
Nicotine pouches are rapidly growing in the U.S. market, while Altria faces declining cigarette sales and regulatory challenges.
Big Tobacco continues obstructing progress by hijacking health narratives - notably through its calculated vaping shift in recent years. Despite its rhetoric on smokeless products, new data reported reveals that the tobacco industry remains firmly dependent on cigarette sales, which accounted for roughly three-quarters of Western tobacco giants' revenue in 2024. Moreover, Big Tobacco stocks are soaring, fueled by rising prices and continued global demand. Make no mistake - the tobacco industry has not used vaping as a tool for change, but as a hedge against decline.