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Over the 12-month transition period, and for six months after plain packaging was compulsory, the price of leading cigarettes increased by almost 5%, equal to an extra 0.38 per 20 cigarettes

In what the Silicon Valley Business Journal called "the biggest investment ever in a US venture-backed company," Marlboro and the Parliament cigarette maker, Altria, paid $12.8 billion for a third of Juul

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While the summary effect for the sales/purchases studies in the meta-analysis of cigarette elasticity with respect to ENDS price did not reach statistical significance, the prevalence/frequency/other outcomes studies (those not included in the meta-analysis) reported a consistent, albeit not always significant, increase in adult cigarette smoking in response to higher ENDS price, suggesting substitution