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Both ordinances are limited to sales, with no laws having been changed regarding the use or possession of tobacco

While initial evidence suggests ONPs may deliver fewer harmful substances and are considered less harmful than other ST products due to the absence of tobacco [92], more research is needed to fully understand their long-term effects, including under in utero exposure conditions

Cummings KM: Can capitalism advance the goals of tobacco control

Some analysts argue that PMIs higher multiple arises from a higher proportion of its revenue from non-combustibles: PMI had 42% of its net revenue from non-combustibles, BAT 18.2% in 2025 - implying that it is further advanced and better positioned in transition than BAT