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In recent months, Bonnie Herzog, managing director of consumer equity research for Wells Fargo Securities, New York, has been suggesting a brighter future for tobacco companies, saying that while cigarette consumption has been on a slow decline, price elasticity and portfolio diversification has been helping tobacco companies prepare for the future

In vaping, retailers are bracing for an outright ban in the sale of disposable vapes from April 2025, with just six months to sell through stock

The prices were also converted in international dollars at purchasing power parity (PPP) using the International Monetary Fund (IMF)s World Economic Outlook implied PPP conversion rates for 2022

"But measured against the potential successes and the potential good that could have been achieved, Texas and many other states fell far short of their objectives."

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