Tobacco

Tobacco, cigarette and e-cig category news for the convenience store retail industry.

Increase means nearly $2.3 billion reduction in revenue, foundation says

WASHINGTON -- According to new analysis from the Tax Foundation, state and local governments will see a reduction in revenue totaling $2.3 billion in fiscal year 2010 due to the federal cigarette tax increase from $0.39 to $1.01 per pack that took effect April 1. In Tax Foundation Fiscal Fact No...

Consolidation after Altria acquisition leads to reductions

RICHMOND, Va. -- UST Inc. and subsidiary U.S. Smokeless Tobacco Co. Brands Inc. have laid off 60 employees at a Longwood, Fla., facility, reported The Orlando Business Journal . The firm will begin layoffs on June 5, according to state records cited by the newspaper. The company plans to eliminate...

Legislation giving Food & Drug Administration power over cigarettes, OTP moves to Senate

WASHINGTON -- As reported in a CSP Daily News Flash yesterday, the U.S. House of Representatives today overwhelmingly passed landmark legislation, The Family Smoking Prevention & Tobacco Control Act (H.R. 1256), giving the U.S. Food & Drug Administration (FDA) power to regulate tobacco,...

Smokeless tobacco company moves to Altria's Richmond, Va., HQ.
Pa. chain "calls out" cigarette companies on price hikes are FET increase kicks in.
Big Tobacco loses another high-court appeal in smoker lawsuit
Lottery aid to education at risk in tobacco fee hike proposal
Will serve as mass market national director of sales, marketing
Tobacco company has "strong defenses" against such cases.
Meanwhile, Paterson proposes fee hike on tobacco retailers

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