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Durham Cigarette Maker, Tobacco Business

Thursday, October 18th, 2012

cheap chesterfield cigaretteAnother developer is exploring purchasing the former Chesterfield cigarette maker at the corner of Duke and Main streets downtown. Durham authorities  said that there’s pressure to start the project before the end of the year before an existing approved new project site plan expires. BGL Real Estate Advisors has a only 60-day due steady period to investigate buying the seven-story former Liggett Group cigarette manufacture, aued Robert Flanigan, vice president for the Cleveland-based investment firm Brown Gibbons Lang & Co.

BGL Real Estate Advisors is a subsidiary of Brown Gibbons Lang & Co. Flanigan explained he couldn’t comment more without the seller’s written permission.

The company was one of two that, at one time, were both pursuing the possible reconstruction of the building.

Beforehand, developer Josh Parker of Durham declared that he had the building under contract. But he argued that he needed an extension in order to tie down details of a contract with a “main institution” for lease of area in the building following its redevelopment, but that was not conferred.

“The seller indicated that they wanted to see what other offers were available in the tobacco market,” Parker added.

The lease would have provided comfort for to balance the financial risk of buying the building, he said. He said he was partnering with Wexford Science and Technology to purchase and develop the building.

Parker said that he remains interested in the Chesterfield. If he doesn’t move ready with the project, he said he faces the implicit for a “significant personal loss of capital.” He decreased to state the specific amount of potential loss, but said “there were two commas” in the number.

“ We’ve since made further progress, we still remain interested in the property if it comes back to the tobacco market, but I understand the folks looking at it are credible and have a new plan, and so it may or may not come available again,” he said.

The building at 701 W. Main St. was where the Liggett Group manufactured cigs before the tobacco company moved its manufacturing out of downtown Durham.

The building originally was chose to be a part of the West Village redevelopment of former tobacco buildings by a team that included former Duke University basketball stars Christian Laettner and Brian Davis.

But the building was deeded in place of foreclosure to the company Select Capital Management after the developers defaulted on a $10 million property to the company, according to previous researches in The Herald-Sun and to court documents.

Tobacco Business in Palmer, Smoke-Free

Thursday, October 4th, 2012

cheap kent cigaretteSmokers in Palmer will have to go out for to smoke a cigarette next year. A new proposal of smoking ban in the city was approved by voters on Tuesday, according to Palmer election results, passing with 61.5 per cent of voters supporting a prohibition on smoking tobacco in public spaces. All told, 735 inhabitants voted on the regulation with 452 people voting yes, and 283 people no on the ban. Palmer, a community of around 6,000 people 40 miles north of Anchorage, has considered a smoking ban before.

In 2011, the city council voted down a law 4-3. David Cheezum, chairman at Smoke-free Palmer, testified at the hearings. While he’s disappointed the city council didn’t take the initiative, he credits the work of myriad volunteers spearheading the effort to put the proposal on the ballot.

Some small businesses, in particular bars where smoking tobacco is now allowed, fear that the ban will affect their tobacco business.

Christopher Cox, the owner of Klondike Mike’s Dance Hall in Palmer, calls the smoking ban “tragic,” and “truly unfair. Ninety-five per cent of my clients smoke tobacco.” Now, inhabitants  who “don’t’ even go in my business” have dictated ordinances that directly affect his establishment, he declared.

Cox also owns the Carousel Lounge in Anchorage. He argued that when Alaska’s biggest city went smoke-free in 2007, his tobacco business lost $20,000 a year. Now, he is bracing for similar losses in Palmer. “Maybe they can lower my taxes,” he says.

Jenny Olendorff with the Alaska Smoking Control Alliance explained that she was “very excited” about the passage of the ordinance. “Everyone deserves the right to breathe smoke-free air,” she added.

“We want a generation of youngsters that are tobacco free,” and banning smoking tobacco in public workplaces is a proven strategy, she said. She also noted that investigations indicated that the financial influence on businesses over the long-term turns out to be either neutral or positive.

Cheezum also said that he’s “proud” of the community. “Palmer is going to stand out as the place that did the right thing,” he argued. But, he added, “It should not stop here. We need to make this a statewide effort,” through law passed in Juneau.

Black Tobacco Business, USA News

Wednesday, August 8th, 2012

buy marlboro goldInhabitants are making a fortune selling cigs on the black tobacco market. It’s a billion dollar criminal business that brings with it, guns, drugs and violence. The parent company of Philip Morris USA, Altria, which owns approximately half of the US tobacco market, has an entire division devoted to spotting counterfeit cigs. “Job one is to protect the integrity of the cigarette brands, the honesty of the legitimate retailers where it’s sold,” said Joe Murillo, a vice president and Associate General Counsel for Altria. The company isn’t just dealing with copy-cat cigs either, people are smuggling products out of Virginia and re-selling them in states like New York.

Here’s the main problem: in Richmond, a package is taxed 30 cents. In New York City, the tax is $5.85. That’s a benefit of $5.55 a package.

The justice department considers that states are losing almost $5 billion a year in tax money. Inhabitants are even stealing Virginia’s dollars by counterfeiting commonwealth tax stamps placed on the packages.

Contraband cigarette is more advantageous to criminals than heroin or cocaine and are found in the same circles as money wash, gun smuggling, and even drug trafficking.

“Oh, without a doubt, it’s an arranged crime. This is organized crime at it’s highest level because of the finesse,” declared Rich Marianos, a special agent for the Bureau of Alcohol, Tobacco, Firearms and Explosives. The state police are leaning more and more on the cigarette manufacturers to help them catch the criminals.

Genesee County Cigarette Shops Income

Monday, July 16th, 2012

discount kent cigaretteFive customers walked out the door of Roll N’ Smokes sad and without their favorite cigs. “Every day tobacco sales, we went from benefit likely to be closed to $1,000 a day and now we are doing approximately $100 per day after overhead,” owner Rob Bitz declared on Friday while sitting at one of the tables in the business, situated near Corunna and Linden roads. “It’s possible 80 to 90 per cent decrease in cigarettes income. That’s why we are bringing in more things. We need to get it up more to 30 40 per cent benefit margin to stay in tobacco business.”

Bitz, who owns roll-your-own cigarette shops in Flint, Owosso and Lansing, is struggling to keep afloat following federal and state regulations that first increased taxes and then criminalized machines that permitted smokers to make their own cigs.

It was in June when the Gov. Rick Snyder signed a law that obliged smoking products from the machines to comply with all taxes imposed on tobacco products. The state estimated cigarette makers pay $35 more in taxes per carton of cigs.

Less than a month later, a federal ordinance which banned the machines was signed by President Barak Obama. Supporters of the legislation argued that there was a gap permitting the businesses to escape paying federal taxes on tobacco for cigarettes, not for pipes.

Loose pipe tobacco is taxed at a $2.83 a pound, while loose cigarette tobacco is taxed at a rate of $24.78 a pound.

Removing the use of the machines has resulted in a severe decrease in tobacco business, declared Bitz, who opened his shops in 2010.

“We’ve had to cut people’s jobs, we’ve had to reduce hours, we’ve had to invest in a lot of money,” he added.

 




New Look for Cigarettes Stores

Wednesday, July 11th, 2012

camel cigarettsImages of huffing, puffing, blowing will soon end as Manawatu businesses are requested to restore their tobacco displays. Amendments to the Smoke-Free Environments Act mean all shops, including dairies, petrol stations and smoking stores, are prohibited from displaying cigarettes images. From July 22, all smoking product displays will become unlawful and tobacco retailers will not be permitted to trade under a name that suggests they sell them.

The new act, was enforced on July 14 last year, and it gives smoke-free environment officers the opportunity to issue fines from $1000 to $10,000 to tobacco businesses caught displaying tobacco products.

The legislation changes have obliged Palmerston North business owner Richard Green to change the name of his tobacco shops, in Main St and Rangitikei St in Palmerston North, and also in Whanganui.

The Discount Tobacconist, as Mr. Green’s stores were now known, have been renamed the Butt Bucket. He is permitted to keep the name of Discount Tobacconist, but cannot advertise smoking products.

Disappointed by the new law change, Mr Green told that tobacconists should be able to differentiate themselves from other dealers.

 

Smoking Destiny Not Decided, Kansas News

Friday, May 4th, 2012

buy hilton cigaretteIt’s very uncertain whether a law that would reopen Kansas bars to smoking tobacco products could still clear the legislature this session after being passed from a House committee earlier in the week. The House State and Federal Affairs Committee advanced the law on a wide majority vote Tuesday, but it’s up to House Speaker Mike O’Neal whether to control the bill “above the line” and permit it to be checked by the full House.

“I don’t like to smoke personally, but the main issue is private tobacco business rights,” declared Rep. Joe Seiwert, R-Pretty Prairie, one of the sponsors of the new law. “I also don’t like the dissimulation of state-run casinos permitted to have smoking cheap Hilton cigarette, but private business can’t.”

A lot of small tobacco businesses went out of business because of the harsh smoking ban, Seiwert added the committee learned, including some within his region.

“In the casinos they told us they will lose too much business if it’s prohibited, but for private cigarette businesses that’s not true? It doesn’t make a lot of sense,” Seiwert reported.

The regulation would create a discharge in the state smoking ban for any private tobacco business that employs and serves only people age 21 or older. While planned to target bars, the prohibition could apply to any business that met the criteria.

The business would be asking for post signs stating both that no one under 21 is permitted in and that smoking cigarette is allowed on the premises. Each exit to the building would also have to have a sign with information about the “Kansas Quit.”

There was an attempt to improve the bill and to reestablish “smoking areas” in restaurants, requiring for separate rooms and special ventilation systems, but it was voted down, Seiwert added.

 

Tobacco Business Worry, Cigarette Taxes

Thursday, April 19th, 2012

tax free camel cigarettesNeighbors in the town of Bridgewater are keeping a close on eye on new tobacco products taxes that they will pay soon. The cigarettes tax is the most disputable proposed tax and small tobacco business owners are not happy about the new changes. As John Marklin, the co-owner of Bridgewater Food Supermarket, stocked the cigs at his shop, he was reminded of a 20-cent tax that may soon be added to cigarettes prices. He is afraid that because of it he will lost the customers.

“We have positive experience in knowing, that when you do have a tax like this, it will eventually reduce Camel cigarettes sales. As a retailer, we are always interested about that,” declared Marklin.

As town leaders reported at Tuesday’s public hearing, they want to make this easy on their citizens. With a cigarette tax, they can get more and more money off of clients.

“Not every tax do we want paid by the inhabitants of Bridgewater,” explained Superintendent of the Town of Bridgewater Bob Holton. “We desire some of the taxes paid by those coming through the town, who use our streets, use our parks, use our town services.”

That still interests small tobacco business owners. A lot of times when clients walk into a shop, they are looking to purchase not just cigs, but other objects as well. What shop owners are worried about is if there is a tax on their tobacco product, clients will head elsewhere and they will not visit Bridgewater Shops to purchase the items that they desire.