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Its important to understand that just because vaping lacks some of the harmful substances in traditional smoke, it doesnt make it risk-free

The database lists which inspected retailers received a warning letter, a civil money penalty, a no-tobacco-sale order, or were found to have no observable violations

Nevertheless, the British Doctors' Study was to provide conclusive evidence of linkage between smoking and lung cancer, myocardial infarction, respiratory disease and other smoking-related illnesses

Over the long run, I believe it is reasonable to expect this company to grow earnings at a rate of 4%-6% (lower than their sister company MO due to less retained earnings)