♪
>> WELCOME BACK
TO CHEDDAR BUSINESS JEWELS
PUMPING THE BRAKES ON HIS
POPULAR MEN FLAVOR SAYING IT
WILL STOP ACCEPTING RETAIL AND
ONLINE ORDERS
FOR THAT POTTS ITS FLAVORS
SALES IN THE US ARE NOW LIMITED
TO A VIRGINIA TOBACCO CLASSIC
TOBACCO AND MENTHOL JEWEL HAD
ALREADY SUSPENDED SALES, IT'S
PRETTY SWEET FLAVORS AMID
INCREASED CRITICISM FOR ITS
ROLE IN THE TEEN VAPING
EPIDEMIC JOINING US NOW IS
NATHANBOMEY BUSINESS REPORTER
AT USA TODAY, A CONCERT TO BE
ON THE SHOW TO WHAT EXTENT WILL
STOPPING THE MINT FLAVOR WE'RE
HAVING NOTABLE IMPACT ON THE
JEWELS REACH ESPECIALLY AMONG
YOUNG PEOPLE.
>> WELL THE SIT PRETTY
SIGNIFICANT DEVELOPMENT BECAUSE
AFTER THAT IT CONTINUATION OF
THE
FRUITY FLAVORS IT WAS REALLY
THE ONLY
ONE LEFT WAS NOT LIKE TOBACCO
MENTHOL AND SO IT MEANT IS OFF
THE MARKET
THAT COULD HAVE A SIGNIFICANT
EFFECT ON THE APPEAL TO USE AND
SO THE ADVOCATES OF CRACKING
DOWN ON VAPING WE'RE
GOING TO BE HAPPY ABOUT THIS
AND ONLY QUESTION IS DOES THE
STAFF THEM PERMANENTLY ORDER TO
TRY TO GET BACK ON THE MARKET,
CITY AT SOME POINT MAKE IT
WHERE DOES THIS MEAN JEWEL.
WELL HERE IN JEWEL IS REALLY AN
A SIGNIFICANT CRISIS AT THIS
POINT THE COMPANY HAS LOST THE
VAST MAJORITY OF ITS MARK.
NOW IT IN THE
U S BECAUSE THE FDA IS
CONSIDERING A FEDERAL BAN
AND ON FLAVORS OF OF VAPING
LIQUIDS AND SO IF THAT BAN DOES
PROCEED AS IS EXPECTED. THEY
WILL LEGALLY NOT BE ALLOWED TO
SELL THESE ARE THE KIND OF
GETTING AHEAD
OF IT THAT THE GOOD THING FOR
JULES THAT THEY STILL HAVE THE
MARKETS SO NOW THIS IS NOT
AFFECTED THEIR ABILITY TO SELL
OVER SEASON AND TO SOME EXTENT
AND MAYBE BECOME MARKET IN THE
LONG RUN, SO I DON'T THINK
THAT TOO.
>> IS FINISHED, I MEAN LOOK
JUST LIKE WE SAW THAT THE
TOBACCO INDUSTRY OR IN RECENT
YEARS, THE OPPORTUNITY FOR THE
TOBACCO INDUSTRY HAS BEEN
OUTSIDE THE US
DEVELOPING ECONOMIES BUT NATHAN
IF IF THIS IS INDEED AN
EPIDEMIC HERE IN THE US AND
IT'S LIKELY TO BE AN EPIDEMIC
OUTSIDE THE US AND TO WHAT
EXTENT BUT
OTHER COUNTRIES. FOLLOW OF THE
CRITICISM THAT WAS GOTTEN HERE
IN THE US AND THEN TOOL COULD
JUST END FOLLOWING THE POLICIES
THAT ARE PUT IN PLACE HERE
OUTSIDE OF US.
>> THAT'S A GOOD QUESTION, YOU
KNOW THE HEALTH ADVOCATES SAY
IF YOU KNOW IT'S NOT GOOD FOR
TEENS, THE BABY AND AMERICA
THAN WISE AND EVEN IN OTHER
COUNTRIES. AND YOU JOE HAS BEEN
VERY
SPECIFIC ABOUT THIS THAT
THEY'RE ONLY STOPPING THAT SELL
THESE FLAVORS IN THE US SO DOES
NOT AFFECT THOSE 4 MARKETS, I
JUST DON'T THINK THERE'S
AS MUCH SCRUTINY AT THE STATS
PRODUCTS OVERSEAS AND IF YOU
LOOK AT BRITAIN FOR EXAMPLE,
THE UK THERE HAS BEEN MORE
ACCEPTANCE OF
VAPING AS POTENTIAL ALTERNATIVE
TO COMBUSTIBLE CIGARETTES AND
SO AS THAT DEBATE CONTINUES AS
THE SCIENCE CONTINUES TO
DEVELOP ON THE LONG-TERM
EFFECTS OF VAPING A WE'LL SEE
HOW FOREIGN COUNTRIES
TO SPOT.
>> THEY EVEN HAVE WE SEEN ANY
EVIDENCE AT THE FDA DECLARING
VAPING AN EPIDEMIC OF THE TRUMP
ADMINISTRATION PROPOSING A BAN
ON VAPING AND THEN THIS MOVE BY
JEWEL AND IT CHANGED ITS
MARKETING CAMPAIGNS HAS THERE
BEEN ANY DIRECT IMPACT ON THE
EU TO USE OF THESE PRODUCTS.
>> WELL I THINK THAT WE MIGHT
SEE A LITTLE BIT OF A DOWNTURN
HERE REESE WE IN LAST YEAR AND
THERE ARE SOME INDICATORS THAT
BUT YOU KNOW IN THE
2019 SAID ACTUALLY IT'S SURVEY
THAT JUST CAME OUT GREECE THE
FDA
PUBLISHED RECENTLY AND THERE IS
MILLIONS AND MILLIONS OF YOUTH
ARE USING AND IN FACT TOOL IS
THE MAJORITY OF THOSE OF THAT
USAGE AND SO YOU
KNOW THERE'S YOU MAY BE THERE'S
BEEN A SLIGHT DOWN IN OUR
DOWNTOWN BUT THE FACT THAT WE
HAVE THIS SPEAKING PRICE.
THE LONG ILLNESSES MAY BE
RELATED TO MERYL
ON A BEEPING NONETHELESS IS
CASTINGS A CLOUD OVER THE
ENTIRE INDUSTRIES THAT WILL
AFFECT SOME PEOPLE BUT IF
YOU'RE ADDICTED.
♪
NICK TEAM QUESTION IS ARE YOU
ABLE TO STOP IT.
>> IT JEWEL NATHAN HAS GOTTEN
THE BULK OF THE CRITICISM OVER
THE LAST YEAR AND A HALF OR SO,
BUT. OUR OTHER PRODUCTS OUT
THERE. ARE FLAVORED VAPE.
CARTRIDGES AND FLAVORED VAPE
ODDS STILL AVAILABLE FOR OTHER
PRODUCTS OUT NOW THAT RULE IS
NOT SOLID.
>> WELL THE NIGHT AT THIS POINT
I THINK THERE ARE
SOME PLACE THAT ARE AVAILABLE
FROM OTHER A MINUTE COMPANIES
BUT THOSE WILL HAVE TO BE SO
THEY REMOVED FROM THE SHELVES.
WELL IF THE FDA ACCESS IS
EXPECTED AND IT'S A IT'S A GOOD
POINT I THINK IS ALSO CONCERNED
THAT PEOPLE WILL BE ABLE TO
KIND OF PICK THEIR
OWN DISTRICTS. HAMID
LABOR'S ESSENTIALLY AS THIS
CONTINUES TO OF ALL THIS
INDUSTRY IS NOT
GOING TO AND YOU'LL SEE WHAT
HAPPENS IF YOU TO END UP GOING
TO ADD MORE TOBACCO MENTHOL
FLAVORS YOU CERTAINLY
THEY WERE MOST INTERESTED IN
THE ANGLE FOR EXAMPLE OR THE
CREAM AND IN THE MINUTES BUT
WAS THERE ANGOLAN, THE CREAM
WENT AWAY THEN YOU KNOW A LOT
OF YOUTH WENT OVER TO MITT SO
WE'LL SEE WHAT HAPPENS.
>> WHAT DOES THIS MEAN A FAN
FOR ALTRIA WHICH IS A PUBLICLY
TRADED COMPANY THAT DOES OWN A
35% STAKE IN JUUL.
>> THIS IS A HUGE A HUGE
PROBLEM FOR ALTRIA YOU KNOW
THIS
MAJOR ROADBLOCK IN THEIR
STRATEGY TO BASICALLY DIVERSIFY
THE COMPANY, YOU KNOW THEY HAD
TO TAKE A SEVERAL BILLION
DOLLAR WRITEDOWN IN THE RECENT
WEEKS AND ARE TO INVEST AND SO
YOU KNOW THAT THAT IT IS REALLY
GOING TO A YOU KNOW A HUGE
HURDLE A HUGE BARRIER TO THEM A
DIVERSIFIED BUSINESS NOW YOU
KNOW THEY ALSO HAVE PARTNERSHIP
OF COURSE IT'S THE LARGEST
INTERNATIONAL WHICH IS
ESSENTIALLY THE ALTRIA FOR
9 US MARKETS AND YOU KNOW
THEY'VE GOT THE EYE COST
PRODUCTS EAT NOT BURNED BACK TO
THE BASE SO THAT'S ACTUALLY
BEEN APPROVED NOT THE US
MARKET, SO THEY CAN SELL THAT
HERE. THEY HAVE ALTERNATIVES
AND YOU KNOW THE THING IS
CERTAINLY DO SO GOING TO PURSUE