- Italy will impose a 80.5% tax on e-cigarettes after the government comes to the conclusion it's missing out on a major revenue stream as consumers in the nation move to e-cigs from traditional tobacco products.
- What to watch: The global electronic cigarette market is expected to grow to $7B in 2014 on strong consumer demand, but the future of the industry is still unsettled with governments and regulators in some key markets yet to fully weigh in.
- Bloomberg report (video)
- Related stocks: MO, PM, LO, RAI, BTI, ITYBY.
Italy gets busy taxing e-cigarette sales
Jan 2 2014, 08:33 ET