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Consumers are expected to spend $57 billion per year worldwide on legal cannabis by 2027, according to Arcview Market Research, a cannabis-focused investment firm

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On the enforcement front, the FDA finalized guidance titled Enforcement Priorities for Certain New Tobacco Products Marketed Without Premarket Authorization. In the guidance, the FDA does not intend to prioritize enforcement of the premarket authorization requirement for vapor and nicotine pouch products that are: Subject to an application that is pending, and the application has been accepted for review, and the application is pending for more than 180 days Flavored vapor products, if FDA has determined that the application also includes data necessary to evaluate whether such product is appropriate for the protection of the public health

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(New York, United States and Bath, United Kingdom, February 20, 2023) Tobacco companies are using a variety of pricing strategies to weaken the impact of tobacco taxes, according to a new report from STOP, a tobacco industry watchdog