Tobacco Sales to Minors Falls to All-Time Low

Fewer cigarettes from companies like Philip Morris (NYSE:PM) and Altria Group (NYSE:MO) are being sold to minors these days. In fact, tobacco sales to those under 18 have hit an all-time low, according to a recent report released by the Substance Abuse & Mental Health Services Administration (SAMHSA).

The report, which was released Thursday, shows that the average national retailer violation rate of tobacco sales to minors is down to 8.5%. That’s the lowest level recorded in the history of the organization’s Synar Amendment program, which requires that all states adopt laws to prohibit the sale of tobacco to minors.

“The success of the Synar program is a testament to how preventing underage youth from gaining illegal access to tobacco products can have a tremendous impact,” SAMHSA Administrator Pamela S. Hyde said in a press release.

SAMHSA also noted that for the sixth year in a row, no state was found out of compliance with the Synar regulation.


Article printed from InvestorPlace Media, https://investorplace.com/2012/08/tobacco-sales-to-minors-falls-to-all-time-low/.

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