22nd Century Group is new MSA member

22nd Century Group said yesterday that it had become a member of the US tobacco Master Settlement Agreement (MSA) through the acquisition of NASCO Products, a federally licensed tobacco product manufacturer and participating member of the MSA since 2005.

In a story for Benzinga.com, Eddie Staley said that with 22nd Century’s super-premium priced brands RED SUN® and MAGIC® having become MSA products, the company would ramp up production within the next 30 days and would launch sales and distribution efforts across the US.

Since the introduction of 22nd Century’s brands in early 2011, sales have been intentionally curtailed by the company in order to limit the complexity and costs associated with becoming a signatory of the MSA.

“We are very pleased to have been approved by the Settling States as a participating manufacturer of the MSA so that we can now sell our brands under the MSA, which will assist in producing sustainable revenue for the company,” said Joseph Pandolfino, founder and CEO of the 22nd Century Group.