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___ YOU ONLY LIVE ONCE Jay Jenkins had just wrapped up his freshman year at The Citadel, a South Carolina military college, when boredom led him to try what he thought was CBD

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Unlike most consumer goods, where manufacturers sell products to wholesalers below the printed MRP to leave room for legitimate distribution margins, cigarette companies sell to distributors at or virtually at the MRP itself

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And get this: with its marketing muscle now fully behind the IQOS e-cigarette, a device that heats tobacco to deliver nicotine without the smoke and tar that cause diseases, including cancer, Philip Morris planned to reposition itself as