The Cigar Industry Report is a one-stop place to catch up on the activity here at Cigar Coop. It is a combination of the news reports, cigar reviews, and assessment updates we do throughout the week. In addition, each week we will look back at Cigar Coop history. Look for this report every Saturday morning at 8am Eastern Time.

 

Cigar Industry Report: Edition 451 (9/18/21)

 

The Headlines

Swedish Match Announces Intent to Leave Cigar Business.

Swedish Match has announced it is exiting the cigar business. The company has announced it intends to separate its cigar business into a spin-off company and completely get out of the business of manufacturing combustible tobacco products. The move is expected to be completed by the second half of 2022 as it will require various regulatory approvals.The move includes brands such as Garcia y Vega, White Owl, and Game.

We’ve got the details here.

96 Billion Dollar Tobacco Tax Increase Proposed in Congress

Over the past couple of weeks, various committees in the House of Representatives have been marking up a huge bill known as the Build Back Better Act. This is a human infrastructure plan that includes parts of President Biden’s American Jobs Plan and American Families Plan. One committee that is doing markups is the House Ways & Means Committee which is looking at various revenue sources to fund this bill. One thing that the committee has put into the bill was a $96 billion dollar tobacco tax increase that would most likely affect premium cigars.

We’ve got the details here.

 

The News

Summer of ’21 Reports

These are focused on companies that did not attend the 2021 Trade Show, but still had summer releases.

Product News

Other News

Legislative News

  • House of Representatives: HR 3982 is a proposed piece of legislation that calls for an exemption from FDA Regulation for premium handmade cigars. This week Don Young [R-AK] and Kurt Schreader [D-OR] signed on as a co-sponsors.The total number of sponsors is now at 34.
  • U.S. Senate: S.438 is a proposed piece of legislation that calls for an exemption from FDA Regulation for premium handmade cigars. This week no new co-sponsors were added. The total number of sponsors remains at nine.

Cigar Reviews

Assessments

Agile Cigar Reviews

The Smoking Syndicate

Features and Blog

 

Feature Story

  • None this week outside PCA Reports.

The Blog

Prime Time Podcasts

Prime Time Show

Prime Time Special Edition

Prime Time Jukebox

Upcoming Schedule

9/20: Prime Time Jukebox Episode 50: The Year in Music 1971 – 50 Years Later
9/28: Prime Time Special Edition 107: Phil Zanghi, Debonaire House
9/30: Prime Time Episode 203: TBA

On This Date…

On this date Sept 18th…