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Marlboro M will be marketed with the help of Miley Cyrus, Snoop Dog, Wiz Khalifa and other significant names, related to the marijuana legislation movements in the States

The day when the value of tobacco brands goes up in smoke is a long way off. Brand Finance The Worlds Leading Independent Branded Business Valuation and Strategy Consultancy T: +44 (0)20 7839 9400 E: [email protected] www.brandfinance.com

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The F.T.C.s proposed ruling led those sympathetic to the tobacco industry to accuse it of discriminating against a legally sold product and of usurping the legislative functions of Congress