Thursday's announcement is just the first step in a long regulatory process to transition the market away from menthol products
(Crosthwaite was a former executive of Altria, a tobacco company which in late 2018 had purchased a 35% stake in Juul, worth $12.8 billion.) In an email to CNN, a Juul spokesman described the companys efforts more broadly to reset the vapor category in the US by working with officials toward its goals of transitioning adult smokers away from cigarettes, eliminating their use, and combating underage usage of our products. In an earlier statement, Juul described the North Carolina settlement is another step in that direction. Jackler says the settlement, to be paid over six years, may not be a huge financial blow to a large company, but the implications could be much broader
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