Word: tobacco
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Dates: during 1970-1979
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...should be legally available to people over 18 years old in cigarettes of controlled potency. No attempt is made to contend that marihuana is actually beneficial. . Rather, the argument for legalization is based on Grinspoon's conclusion that cannabis is-both psychologically and physiologically-less dangerous than alcohol or tobacco...
...Tobacco...
Died. Lewis Gruber, 75, tobacco executive; in Manhattan. A crack salesman who smoked three to four packs of cigarettes a day, Gruber joined the tobacco firm of P. Lorillard Co. in 1924, became president in 1956. His campaign promoting the Micronite filter helped propel Kent domestic sales from 3.4 billion to 36 billion in two years. Puffing at doctors' warnings, Lorillard advertising claimed "We're Tobacco Men, Not Medicine Men," prescribed Old Gold cigarettes (another company product) "For a Treat Instead of a Treatment...
...that rigid, archaic regulations have blocked them from following the changing attitudes and tastes of the nation's 93 million liquor drinkers. Now, some of the rules are being relaxed, partly to enable domestic distillers to meet growing foreign competition. As a result of decisions by the Alcohol, Tobacco and Firearms Division of the Internal Revenue Service, the American liquor business is in its greatest period of ferment since repeal...
Leading last week's broad advance were stocks of companies in retailing, television, oil, tobacco and electronics. High technology securities, especially those of the computer manufacturers, did well. Many of the blue chip and reliable glamour stocks have already been swept up in the sharp recovery and are no longer bargains. Thus, investors are now moving into less stable issues; potentially dangerous speculation is on the rise. Small investors continue to shy away from the market, and institutions remain by far the big buyers. They are pouring more of their daily cash inflow into the market than...