### Comment:
What now with Juul, are they going to get slapped for declaring nicotine % content before the govt could fine them and force them to?

### REPLY:
Nicotine caps are a hurdle internationally. That high nicotine content may be part of why Juul has had a meteoric rise in the US. And why Israel banned them. 
  
 Buuuut. Post merge, the big question is can PM find a way to manage these regulations and create a more favorable outcome for them. They did it with stogies, don’t see why they couldn’t with Juul.

### END.