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Market Chatter: Philip Morris Nicotine Pouch Selling Out Amid Regulatory Concerns
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Market Chatter: Philip Morris Nicotine Pouch Selling Out Amid Regulatory Concerns
May 17, 2024 10:18 AM

01:07 PM EDT, 05/17/2024 (MT Newswires) -- Philip Morris International's ( PM ) nicotine pouch Zyn is selling out despite regulatory and concerns, Bloomberg reported Friday.

The product has received mixed reviews and has raised health concerns and its marketing. There is a lawsuit about Zyn's nicotine content and fear of a regulatory crackdown on the product, Bloomberg reported.

Despite all that, Zyn is out of stock at some New York shops, while wholesalers in Florida and New Jersey are finding it difficult to get the pouches, the report said, citing the shops and wholesalers.

Zyn's US volumes were up 80% in Q1, the news outlet reported, citing Philip Morris ( PM ).

Philip Morris ( PM ) didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 100.16, Change: -0.50, Percent Change: -0.50

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