Smokers under 30 must show ID to purchase tobacco products, FDA says

Published On Aug 30, 2024, 11:35 PM

The FDA has implemented a new rule requiring individuals under the age of 30 to present a photo ID when purchasing tobacco products, which raises the previous verification requirement by three years. Additionally, tobacco vending machines are now restricted from being used in venues where individuals under the age of 21 are present. The new regulations will take effect on September 30, 2024, as part of ongoing efforts to curb tobacco use among young people and reduce health risks associated with smoking.

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Stock Forecasts

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Negative

The new regulations may impact tobacco product sales, particularly among younger customers, which could negatively affect companies heavily reliant on this demographic.

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Positive

Companies engaged in the production of nicotine alternatives and cessation products could potentially benefit from growing awareness and regulatory pressures on traditional tobacco products.

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