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Higher cigarette prices can help reduce smoking and protect the health of the nation, but it can also be a problem for those who cannot afford expensive cigarettes.

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Altria estimates that about 32 million packs of counterfeit cigarettes were seized by law enforcement in 2011, which if sold legally would be about $160 million

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The ability of companies to adapt their marketing approaches and navigate evolving regulatory environments will likely play a crucial role in determining the impact on brand value in the realm of RRPs. In the near term, Haigh expects the development of nicotine brands value to undergo several significant shifts as global cigarette sales volumes continue to decline