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The performance decline witnessed in combustibles across extensive tobacco portfolios during the years 2022 and 2023 directly contributed to the decrease in brand value within our rankings, explains Brand Finances global managing director, Richard Haigh

Those figures are down from 22.3% (or 45.8 million) in 2002, though smoking prevalence has hovered around 20% for the past several years

This year, the Lower House's Committee on Commerce and Intellectual Property studied the pros and cons of tobacco and e-cigarettes

Both cannabinoids are being researched by pharmaceutical companies for their effect on an array of health issues