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University of Michigan economist Joel Slemrod cites Coats' findings in his own 2007 paper, but points out the study does not consider "enforcement regimes" that may raise the cost of cross-border acquisition of cigarettes

Just probably nick here and nick here, see what comes out, because all I'm really trying to hope for is just something, nice big slab just to slide out

At Goldman Sachs, bankers described the May FDA guidance as very positive for Philip Morris and a significant step in the FDAs positioning toward enforcement and acceptance of nic pouch (as well as e-vapor) innovation generally. And Barclays analysts said the FDAs guidance was good news for Juul, a leading vape producer