Asberry 22 Holdings Inc (ASHI)

[cashbyers]

Good read on pending litigation against the May FDA e-cig regulation. I believe the expensive approval process is the main reason why the PPS has been facing downward pressure. Thoughts?

“FDA intends to regulate these products despite the fact that they do not contain tobacco, are not derived from tobacco, and are not components or parts of an actual tobacco product,” they said in court documents. “The agency offers no rationale based on the definition of 'tobacco product' or the legislative history indicating that such definition can be stretched so far as to capture these types of ENDS products merely because they are used to consume a tobacco product.”

http://thehill.com/regulation/court-battles/287056-lawsuits-mount-against-fda-regs-on-e-cigarettes