Honestly, I wish I knew. We don't have an official position on it. Our perspective is that taxation should be based on risk, not just the history of why we are where we are today. I think whichever product you're looking at, you should look at taxation based on the risk to the consumer. That's both on nicotine and tobacco products, looking at e-cigarettes versus cigarettes, but it's also across the whole spectrum of consumer products.
On February 12th, 2018. See this statement in context.