By May, the FDA must decide whether they will stick to an Obama-era regulation that would force cigar-makers to abide by the same compliance rules as all other tobacco products.
According to data compiled by Mangum Economic Consulting and provided by Cigar Rights of America, the rules would put 88% of U.S. cigar manufacturers and importers out of business and destroy 5,300 U.S. jobs. The FDA last week offered a small concession. While it did not go so far as to give the industry what it wants — exemption from the regulation — it implied it may turn a blind eye to cracking down on premium cigar companies not in compliance.
To officially exempt premium cigars from the regulation, the FDA would need to put out a policy saying it will offer extended enforcement discretion to the industry.
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Source: Reuters - 🏆 2. / 97 Read more »