📺 Stream EntrepreneurTV for Free 📺

Ban on Cuban Cigars Goes Up in a Puff of Smoke A new policy by President Obama means that importing up to $100 worth of Cuban tobacco products will be legal.

By Ben Geier

entrepreneur daily

This story originally appeared on Fortune Magazine

Getting your lips around a high quality cigar just got a bit easier.

Today's announcement that the United States will normalize relations with Cuba means that it will be legal to transport Cuban cigars and other alcohol and tobacco products into the United States. Cuban tobacco and alcohol imports will be capped at $100, while ceiling for all Cuban goods brought back will be $400.

The impact on the cigar industry could be huge. Cuban cigars are considered by many aficionados to among the best, and their availability – at least legally, speaking – could mean a big lift sales.

"It's going to be massive," said Christopher Bledsoe, the president and owner of International Cigar Experts, a cigar shipping company. "Ever since we've been in business, which has been about 12 years, we consistently have people ask us about Cuban cigars."

But first, Bledsoe said he'll consult with the company's lawyers to figure out exactly what's allowed. For instance, can it only list Cuban products for sale that are priced below $100?

Cuban cigars have been one of the most controversial products banned by the United States as part of its Cuban embargo, which started in the early 1960s following the rise to power of Communist Fidel Castro. Despite the ban, cigar smokers have gone to great lengths to get their hands on Cohibas and Montecristos.

For instance, President John F. Kennedy, who was famously hawkish on Cuba and who expanded the embargo to ban the import of nearly all goods in 1962, bought 1,200 Cuban cigars just hours before they officially became illegal. More recently, people have bought up Cuban cigars in Mexico or other countries where they are legal, and smuggled them back home in their suitcases.

Now they can light up a Cuban stogie without breaking the law as long as they do so outside or in a spot where it's otherwise legal.

Ben Geier is an Online reporter @fortunemagazine.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Franchise

These 5 Bad Habits Are Hurting Your Business — Here's How to Break Them

When you develop these negative habits, it can severely impact work performance and, because the behavior has become so routine, you may not even realize the harm you're causing. Here's how to tackle these 5 bad business habits head-on.