The booming vaping scene will it soon be taxed?
The e-cigarette business has gone a long way from ten years ago when it was invented. Many are becoming more and more health conscious and trying to quit smoking tobacco. An e-cigarette is a device where nicotine is vaporized to produce smoke like vapor without the combustion of tobacco. And eventually aids in quitting smoking or an alternative to the habit since it does not contain harmful tar and carbon monoxide. There is a lot of fuss and haziness around e-cigarettes. Will it all be clear if the vaping scene be taxed?
A billion dollar industry
The e-cigarette manufacturing industry is an estimated $2.5 billion as of October of 2013. That the US Food and Drug Administration is planning on regulating it as soon as possible. Young billionaire business geniuses such as Sean Parker (Napster, Facebook) has reportedly invested on the brand NJOY for a whopping $15 million. This is telling everyone something big about the industry. Traditional tobacco manufacturers such as Marlboro, Newport and Camel are slowly is seeing tremendous profit that they may be considering venturing into the same endeavor.
So what’s in it for vapers and the manufacturers?
Some manufacturers are alright with it as long as there is a ceiling to the tax levels. And that the regulations be stricter especially on the new players who do follow quality standards both in quality and after sales service.
Majority of vapers does not seem to be happy about it though. Prices will go up definitely and one of the major reasons why they switched is savings. For the rest they are totally supporting it. As taxing and regulating the industry could eliminate low standard manufacturers, price regulation and increasing industry standards.
Whether this regulation is forwarded or not there will be benefits and disadvantages to both manufacturers and end- users and maybe the vaping scene will be taxed.
RELATED REVIEWS:
7 Great alternatives to the JUUL vape
Despite being considered the best selling e-cigarette product of all time, this device it’s still surrounded by a lot of controversy. Because of this we decided to present a few great alternatives to the JUUL vape and tell you why you should give the .... »
Everything you need to know about disposable pod vapes
Disposable pod vapes have quickly become incredibly popular products. Despite being launched just a year ago, they are now they ar .... »
V2 Alternative vapes
V2 permanently closed down in November 2019 and since then we've been getting numerous questions from our readers. People want to know if there are any good V2 alternative vapes out there or if their favorite ecigs are compatible with accessories from .... »
5 Popular low output vaporizers we like
Low output vaporizers are tiny, ultra-portable all in one devices which work very well with nicotine salts e-liquids. They usually have an output of between 11 – 18W and battery capacity ranges from 350 – 650mAh. These vaporizers have become increa .... »
How to pick the right pod mod
Pod style vaporizers or pod mods are extremely popular nowadays. They offer quick and easy nicotine fix and they are so easy to carry around. But with so many models on the market it's often hard to set your mind on a particular device. This is why we .... »
Everything you need to know about e-liquids
Once you become a vaper there are two important things you need to constantly stock up on – e-liquids and atomizer heads. And while atomizer heads are usually the same and last between 1 – 2 weeks each, e-juices are a totally different story. .... »
Best e-cigarettes
Best vape pens
Best box mods & vape mods
Best disposable e-cigs
Best closed system vapes
