Altria Group is one of the largest U.S. tobacco and nicotine companies, known for owning Philip Morris USA , the maker of Marlboro, U.S. Smokeless Tobacco Company, who produce chewing tobacco such as Copenhagen and Skoal, John Middleton who make Black and Mild Cigars, and the e-vapor brand NJOY. Its core business remains cigarettes, but it also sells cigars, smokeless tobacco, and newer alternative-nicotine products as it tries to transition away from declining cigarette consumption. Altria has an outsized economic impact because its brands dominate U.S. market share, generating large and reliable cash flows, but it also carries significant public-health and regulatory scrutiny due to the nature of its products.
