Japan FY2020 cigarette sales dive on shift to vaping amid pandemic

And that little entrepreneur that was just arrested with all that cannabis oil shipped to him will now miss out on Big Tobacco’s future niche market.

“makers are focusing on heat-not-burn cigarettes. U.S. tobacco giant Philip Morris’ Japan arm said its stopping selling cigarettes in Japan within 10-15 years.

Its rival Japan Tobacco Inc., saw falls in revenues & profits due to slumping sales, hopes to restore its performance by launching its new mainstay heated cigarette product this summer.

Government officials:

Oh no! What will we do? Our cut from tabacco sales will drop. How do we get more people to smoke?

Idea guy:

Put more vending machines around junior high schools. That'll raise sales!

Government officials:

Great idea!