05-05-2016, 01:51 PM
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#1
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Article 4 Free Inhabitant
Join Date: Jan 2013
First Name: The Other Adam
Location: Satellite Beach
Posts: 14,787
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Re: Goodbye Tatuaje, Liga, Romacraft, crowned heads, warped...
From the ca article.
Quote:
The FDA has said this new product verification will be done "under staggered timelines, the FDA expects that manufacturers will continue selling their products for up to two years while they submit—and an additional year while the FDA reviews—a new tobacco product application. The FDA will issue an order granting marketing authorization where appropriate; otherwise, the product will face FDA enforcement."
This last item has been the one most feared by premium cigarmakers. In an industry where new products are an important part of the market, product verification and government approval prior to release would radically slow the process of getting new product to store shelves, as well as adding to the cost of business.
The FDA confirmed that all required applications could “cost hundreds of thousands of dollars” per application. "It's an average and there's a range," said a representative from the FDA during the conference call.
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"could cost"
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