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Jonathan Fell, Ash Park Capital - People Always Overestimate The Extent To Which Tobacco Is A Dying Business | #375

The Meb Faber Show - Better Investing

CHAPTER

The Problem With Vaping and the Product Authorisation Process

China's tobacco industry is a domestic monopoly. The idea that China might liberalise one day and allow people in was a major ball case. I think the FDA's looked at it, it's come off the formal regulatory agenda because they realised how problematic that would actually be to implement. And it might actually be illegal. That's why all this stuff that's been going on with vaping and the product authorisation requests that manufacturers have had to put in recently are so crucial. But arguably as well, you can't really do that unless you're giving people who are addicted nicotine, an alternative product they can use that's properly regulated and widely available.

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