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Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

12 November 2018 7:24 PM
Tags:
Cigarette
British American Tobacco
US Food and Drug Administration
Food and Drug Administration
cigarettes
BAT
fda
menthol
menthol cigarettes

A proposed FDA ban wiped R176bn from British American Tobacco's market cap. Bruce Whitfield talks to Dr Richard van Zyl-Smit.
pixabay.com, 2018

British American Tobacco’s share price fell by 11% on Monday morning, wiping R176 billion from its market cap.

The selloff comes on the back of a report that the US government may ban menthol cigarettes.

Menthol cigarettes account for about 25% of BAT sales in the US.

In 2013 the US Food and Drug Administration determined that menthol cigarettes are more addictive and damaging than regular cigarettes.

The Money Show’s Bruce Whitfield interviews Dr Richard van Zyl-Smit, Head of the Lung Clinical Research Unit at the University of Cape Town Lung Institute.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

When you add menthol… it’s less irritating on your throat… making it more attractive to children… it makes cigarettes more addictive…

Dr Richard van Zyl-Smit, University of Cape Town Lung Institute

I doubt we would allow tobacco [if it was discovered today]…

Dr Richard van Zyl-Smit, University of Cape Town Lung Institute

If you are smoking tobacco, vaping is a whole lot safer… If you’re a non-smoker there’s no reason to go near them… if you can’t stop smoking, vaping is probably a safer option…

Dr Richard van Zyl-Smit, University of Cape Town Lung Institute

You’re unlikely to be able to smoke 20 cannabis joints a day like you can cigarettes… one puff of a cannabis joint here or there is unlikely to do enormous amounts of harm… our advice from a lung specialist point of view is to avoid everything as best you can…

Dr Richard van Zyl-Smit, University of Cape Town Lung Institute

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12 November 2018 7:24 PM
Tags:
Cigarette
British American Tobacco
US Food and Drug Administration
Food and Drug Administration
cigarettes
BAT
fda
menthol
menthol cigarettes

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