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Research from valuation and strategy consultancy Brand Finance found over 80% of the tobacco companies it tracked experienced growth in brand value even though multiple restrictions have been imposed on where consumers can buy and use cigarettes

They point to a 2015 report by the Institute of Medicine, the health arm of the National Academies of Sciences, Engineering and Medicine, which predicted that raising the age to 21 would reduce smoking by 12 percent by the time todays teenagers are adults

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For the most part, Altrias success can be attributed to its increased focus on smoking and smokeless products after selling its wine business for $1.2 billion in 2022

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