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- 1. December 17, 2014 InThis Issue Roundup of Recent FDA Tobacco Product Review Actions AWMA InfoMetrics Reynolds American, Lorillard Set Date for Merger Vote New Jersey May be Next to Tax E-Cigs Defense Authorization Act Eliminates Military's Tobacco Discount Two Studies Find Big Jump in Teen Use of E-Cigarettes SF Approves Measure to Reduce Tobacco-Selling Stores by Half Altria Declares Regular Quarterly Dividend of 52 cents per Common Share Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.00 per Share Quick Links Meeting Info News Related Topics More On Us Roundup of Recent FDA Tobacco Product Review Actions The Food and Drug Administration (FDA) continues to review tobacco product marketing applications and issue decisions on those submissions. In November, FDA issued 24 Substantially Equivalent (SE) orders, 6 Not Substantially Equivalent (NSE) orders, and companies withdrew 17 SE reports from the review process. More information on these actions, and a summary of all the actions FDA has taken, can be found on the FDA Tobacco Product Marketing Orders webpage. Food and Drug Administration Source: InfoRhythm C-Metrics Data, 13 weeks ending 12/13/2014. For more information, click here. To read the current issue of InfoMetrics News, click here. Product Category % Dollar Change vs YAGO Total Cigarettes +0.8% Premium +0.9% Import +4.6% Branded Discount +1.7% Fourth Tier -6.0% Sub-Generic/Private Label +2.6% Total Other Tobacco Products +11.0% Smokeless +12.3% E-Cigarettes +47.0% Reynolds American, Lorillard Set Date for Merger Vote Reynolds American Inc. and Lorillard Inc. have set Jan. 28 as the date for asking their respective shareholders to approve Reynolds’ $27.4 billion offer for Lorillard. The manufacturers announced their deal July 15, essentially for Reynolds to gain top U.S. menthol brand Newport. In a joint regulatory filing Friday, Reynolds said it has scheduled its meeting for 9 am at its headquarters in downtown Winston-Salem. Lorillard set its meeting for 10 am at the Ballantyne Hotel in Charlotte. Reynolds spokesman David Howard said he would not speculate on whether setting the shareholder meetings signals an acceleration toward a decision by the Federal Trade Commission. "It is not unusual to have a shareholder meeting at this time in the process," Howard said. Winston- Salem Journal New Jersey May be Next to Tax E- Cigs E-cigarette taxes are the new topic in many state capitals, including New Jersey. Lawmakers everywhere are predicting huge amounts to be raised by taxing e-cigs, but there's no solid basis for any of the predictions. Not even the tobacco companies know how many people are actually using the devices. And no one can accurately predict how many people will take up nicotine usage for the first time or will switch from traditional cigarettes to "vaping," as use of the e-cigarettes is called. Although a dozen states have e-cigarette taxation legislation pending, so far only Minnesota and Ohio have begun collecting money. In New Jersey, Gov. Christie has suggested $35 million a year could be raised by taxing e-cigarettes. NJ.com Defense Authorization Act Eliminates Military's Tobacco Discount When it comes to the use of tobacco products by U.S. Armed Services
- 2. personnel, the 2015National Defense Authorization Act (NDAA) which Congress passed as part of the $1.1 trillion omnibus government funding bill is a mixed bag. On one side, it eliminates the discount for tobacco and tobacco-related products sold at military exchanges. On the other side, the bill prohibits "any new policy that would ban the sale of any legal consumer tobacco product category … within the defense retail systems or on any Department of Defense vessel at sea."American Academy of Family Physicians Two Studies Find Big Jump in Teen Use of E-Cigarettes Two new studies have found that far more kids are using electronic cigarettes than previously reported. About 25% of high school students in Connecticut and 29% of teens in Hawaii have used e-cigarettes, according to separate studies. About 18% of the Hawaii teens and 12% of the Connecticut high school students had used e-cigarettes in the past month. Both studies were done in 2013. Those rates are much higher than the latest data from the Centers for Disease Control and Prevention, which found 4.5% of high schoolers and 1.1% of middle schoolers had used e-cigarettes in the past 30 days in 2013. USA Today SF Approves Measure to Reduce Tobacco-Selling Stores by Half Hundreds of businesses currently hold city permits to sell tobacco in San Francisco's poorest neighborhoods, but only a handful are in more affluent areas. Faced with this disparity, a group of San Francisco youths with the nonprofit Youth Leadership Institute has worked since 2008 to impose density controls on tobacco permits. Recently the Board of Supervisors gave unanimous approval for the Tobacco Sales Reduction Act. The law imposes a cap of 45 tobacco-selling permits issued for each of the 11 supervisor districts in The City. For some, that would be a dramatic decrease. The legislation, introduced by Supervisor Eric Mar, doesn't eliminate existing permits, but through attrition, it is estimated that it would take 10 to 15 years to halve the existing nearly 1,000 tobacco permits across the city. San Francisco Examiner Altria Declares Regular Quarterly Dividend of 52 cents per Common Share Altria Group Inc. announced that its board of directors declared a regular quarterly dividend of 52 cents per common share, payable on Jan. 9, 2015, to shareholders of record as of Dec. 24, 2014. The ex-dividend date is Dec. 22, 2014. Altria Group Inc. Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.00 per Share The board of directors of Philip Morris International Inc. has declared a regular quarterly dividend of $1.00 per common share, payable on Jan. 9, 2015, to stockholders of record as of Dec. 24, 2014. The ex-dividend date is Dec. 22, 2014. Philip Morris International American Wholesale Marketers Association 2750 Prosperity Avenue | Suite 530 | Fairfax | VA | 22031 Click here to unsubscribe. 2750 Prosperity Avenue, Suite 530, Fairfax, VA 22031