Wells Fargo & Co (NYSE:WFC) says it’s possible e-cig sales could surpass those of regular cigarettes over the next decade, which makes it understandable why Altria Group Inc (NYSE:MO) wants in. It also explains why the FDA wants to control the market since government coffers at all levels rely heavily on the taxes they levy on tobacco. Anything that diminishes their take causes them to tremble with fear.
Whatever regulation does ultimately get imposed, one big change is that it won’t be hammered out in some smoke-filled back room. Rather, it may be one that’s filled with vapor.
The article Up in Smoke: Altria Enters E-Cig Market originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. It recommends and owns shares of Wells Fargo.
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