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Section eight discusses implications for future research and provides a brief conclusion

"But giving up is not an option, nor is being distracted or seduced by misplaced hopes and false claims about excise reductions." Legislation outlining stronger laws and tougher penalties will be unveiled when parliament returns next week

The ultra-value sector remains a key priority for us, as the fastest-growing segment in both RMC and roll-your-own tobacco. Earlier this year JTI also repositioned its Sovereign Blue FMC brand to a more competitive value-priced RSP, providing existing adult smokers with a greater choice of well-known brands at the value end of the market

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Whatever product line you prefer, Target certainly upped the cachet of in-store brands, which used to be called generics and tasted about as good

We think the margin success of these two companies, which were the first to get to scale on NGPs, further demonstrates the potential profitability of these products and confirms our unit economics analysis