This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Altria Statement On Surgeon General’s Report On Youth Tobacco Use

Stocks in this article: MO

Altria's tobacco companies – Philip Morris USA, U.S. Smokeless Tobacco and John Middleton – market to adults who use tobacco. Altria’s tobacco companies market in two ways: through age-verified direct communications to adult tobacco consumers and in retail stores where adult tobacco consumers make their purchase decisions. We do not use TV, newspapers, radio, billboards or product placement to advertise our products. The vast majority of our marketing expenditures come in the form of price promotions. It’s important to note that the average price of a pack of cigarettes has increased by 78 percent from 2000 - 2010.

We agree with the Surgeon General and others that kids should not use tobacco products, and we share the common goal of keeping tobacco products out of the hands of kids. Tremendous progress has been made in reducing overall underage tobacco use, which is at its lowest level in a generation. In fact, today, underage smoking ranks lower than alcohol or marijuana use. We are encouraged by recent government data that show illegal retail tobacco sales to minors are at historic lows. While significant progress has been made in reducing underage tobacco use over time, we agree that more work needs to be done.

Since the enactment of the Family Smoking Prevention and Tobacco Control Act in June of 2009, the Food & Drug Administration regulates the manufacturing, marketing and sale of cigarettes and smokeless tobacco. Altria’s tobacco companies worked for years in support of passage of that law, and were the only tobacco companies that supported its enactment.

Federal law mandates that cigarettes and smokeless tobacco be sold behind the counter through age-verified transactions and makes it illegal to sell tobacco to minors. Additionally, the 50 state attorneys general have oversight on how cigarettes are marketed through the tobacco settlement agreements that were signed in the late 1990s. Even before the tobacco settlement agreements, our tobacco companies supported youth tobacco access prevention laws. Since that agreement gave the state attorneys general the authority to enforce its marketing provisions in 1998, not a single enforcement action has been brought against Philip Morris USA.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,081.17 +50.96 0.28%
S&P 500 2,092.04 +10.16 0.49%
NASDAQ 4,813.4340 +39.9620 0.84%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs