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Winston Churchill helped transform the product into a symbol of elegance and sophistication

Shadix was playing Gertrude Stein

In 2021, Oregon began taxing electronic cigarette products

Marijuana usage has also climbed in recent years among adults between the ages of 30 and 64, while it has been stable at a low level among senior citizens

Below is the upside case: US doesnt ban menthol Share gains drive NGP revenues at 20% CAGR, to 13b GBP in 2030 55% incremental margins in NGP, creating 36% terminal operating margin (still a little lower than the company average) Flat 51% margins in combustibles with no menthol ban Stock trades at near market-ish multiple of 15x on substantial NGP transition The above are very much possible