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Food and Drug Administration authorized the marketing of 22nd Century Group Inc.'s "VLN King" and "VLN Menthol King" combusted, filtered cigarettes as modified risk tobacco products (MRTPs), which help reduce exposure to, and consumption of, nicotine for smokers who use them

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Several regulatory factors directly complicate pricing execution: State-level excise taxes that vary by product type and nicotine format Minimum pricing laws that restrict discounting and promotional depth Advertising and display limitations that reduce traditional promotional levers Product authorization requirements that affect assortment and availability These constraints increase compliance risk when pricing is managed manually or inconsistently