The company also said it would stop advertising in the U.S. and won't lobby the Food and Drug Administration on flavored e-cigarette regulation.
With vaping under intense scrutiny and a deadline of May 2020 to apply for FDA approval, the company is under pressure.
The San Francisco board of supervisors is set to vote on Tuesday to ban e-cigarettes.
Today the Altria Group – the tobacco giant that used to be known as Philip Morris – announced it’s spending $12.8 billion to buy a 35 percent stake in Juul Labs. That’s the e-cigarette maker that dominates the vaping market…
The use of e-cigarettes has nearly doubled since last year.
E-cigarette manufacturer JUUL has aimed its product at adult smokers looking to quit. But now JUUL, with its brightly-colored, fruit-flavored refill cartridges, has caught on big with teenagers. The Food and Drug Administration stepped in this week. Click the audio player…
E-cigs are popular among high schoolers, but the government says the nicotine can hurt developing brains.
New FDA rules put restrictions on tobacco products, which will affect venues catering to their use.
Critics say not enough of the money goes to smoking prevention programs.