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A few things stand out: Seasonal withdrawals are part of the story But absorption played a role as well Inventory tightening helped support a price increase We may have already seen the peak inventory for the year If this were the beginning of a downturn, inventory would be rising quickly

This includes both casual smuggling (individuals buying cheaper cigarettes across state lines) and commercial smuggling (larger shipments resold illegally)

Licence: CC BY-NC-SA 3.0 IGO Bafunno D, Catino A, Lamorgese V, Del Bene G, Longo V, Montrone M, Pesola F, Pizzutilo P, Cassiano S, Mastrandrea A, Ricci D, Petrillo P, Varesano N, Zacheo A, Galetta D (2020) Impact of tobacco control interventions on smoking initiation, cessation, and prevalence: a systematic review

This treatment is predominantly reserved for women experiencing hormonal imbalance related to menopause

Not that I necessarily agree with this decision, but I felt it was an important fact to point out