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Benzinga
Benzinga
Business
Jelena Martinovic

E-Cigarette Maker To Pay Over $430M To Settle Multi-State Vaping Inquiry, Cannabis Investors Need To Pay Attention

E-cigarette producer Juul Labs agreed to pay $438.5 million to 34 states and territories to sort out a two-year bipartisan investigation into its marketing and sales practices.

The multi-state inquiry, which also included Puerto Rico was led by Connecticut. It found that Juul was “willfully engaging” in advertising campaigns that targeted youth, which led to the company’s domination in the vaping market, Green Market Report reported.

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