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The deal values San Francisco-based Juul at $38bn, more than double the roughly $16bn valuation it fetched in a July private funding round, highlighting what Altria sees as its next phase of growth in the face of declining smoking rates and cigarette sales in the United States

Then, allow it to prime for about five minutes to saturate the wick before smoking

According to Mr McIntyre, since plain packaging was introduced the illegal tobacco black market has grown 25% with a large surge of colourful branded packs and more than 14.3% of all tobacco consumed in Australia during 2014 was illegal and smuggled into the country with a consequent loss of $1.1 billion in government revenue