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Raghuveer G, White DA, Hayman LL, Woo JG, Villafane J, Celermajer D, et al

With many styles available, there's something perfect out there for any level of cigar aficionado (beginner or experienced)

In 2023, PMI held about 12% of the total global cigarette market, according to Euromonitor International.** PMI leans heavily on its smoke-free narrative (while also boasting to investors: Were known for our global portfolio of leading cigarette brands.)

In other words, fewer Americans smoke, but the ones who still do are mostly buying from a shrinking set of dominant brands, and a growing number of former smokers are using vapor products as their nicotine source

1 on 10 of the tax and fee rates