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We have to underscore the fact that this is defeating the purpose: health dangers are intensified by combining smoking and vaping, and while it may still reduce smoking, cutting down on smoking and quitting smoking are not the same.

The studies showing improvements in lung function and cardiovascular function for smokers who have quit with E-Cigarettes, as well as many anecdotal instances our customers share about their improved breathing, demonstrates that E-Cigarettes are a harm reduction tool for smokers

Consider the following table: Source: Fact Set, Company Investor Relations PM maintains the highest payout ratio

New Hampshire law allows cigarette manufacturers who haven't joined the MSA to pay into an escrow account