Big Tobacco Gets Crushed by Tiny Uruguay

Six years ago, when Philip Morris International took Uruguay to court over the country’s aggressive anti-smoking policies, few people would have bet on the gauchos. After all, Uruguay’s gross domestic product of $53 billion was about two-thirds of the tobacco giant’s yearly sales in 2015, and its newly elected president was a septuagenarian chain smoker. But the small South American nation, best known as the first nation to legalize marijuana, wasn’t just blowing smoke.
Read more: http://www.bloomberg.com/view/articles/2016-07-18/big-tobacco-gets-crushed-by-tiny-uruguay?source=Snapzu