FTC Releases Reports on Cigarette and Smokeless Tobacco Sales and Marketing Expenditures for 2016
Federal Trade Commission press release ------ The number of cigarettes that the largest cigarette companies in the United States sold to wholesalers and retailers nationwide declined from 244.2 billion in 2015 to 240.5 billion in 2016, according to the most recent Federal Trade Commission Cigarette Report. The amount spent on cigarette advertising and promotion increased from $8.30 billion in 2015 to $8.71 billion in 2016, due mainly to an increase in spending on price discounts paid to cigarette retailers in order to reduce the price of cigarettes to consumers. Price discounts paid to cigarette retailers ($5.81 billion) and wholesalers ($1.44 billion) were the two largest expenditure categories in 2016. Combined spending on price discounts increased from $6.95 billion in 2015 to $7.25 billion in 2016, accounting for 83.2 percent of industry spending. To learn more click on the picture below to read the release.