Does anyone know how much of a profit hit the Big Tobacco companies took since e-cigs have become popular?

[hallucinoJEN]

Does anyone know how much of a profit hit the Big tobacco companies took since the popularity of e-cigs? I've been reading threads under legislation news and haven't seen any threads addressing this topic.

I suspect that the tobacco lobbyist is involved with banning e-cigs.

What are your thoughts???

Jen

 

[seabs]

I don't think this directly addresses your question but I think you'll find it interesting if you haven't seen yet.
http://www.e-cigarette-forum.com/forum/media-general-news/290817-lorillard-purchases-blu-e-cigs.html
Looks like BT is getting into e-cigs.

 

[sailorman]

In the grand scheme of things, the effects on their profits has probably been minimal. They've been losing profits in the U.S. for years and making it up in other countries, primarily less developed nations. That's their new "gold mine".

BP has more to risk and they're the main opponents of e-cigs. BT will get into it. BP will fight it.

 

[Vapoor eyes er]

BT profits going down but they be investing in other areas. Govt has been hiking taxes on a % basis so there still makin moolah. BP still makin $$ cuz their methods are fail- fail and have the greatest customer of all- the returning one.

 

[John1952]

Well, somebody isn't getting my $6.65 per day any more. But the vaping stores are getting more than that from me -- and I'm happy to give them my business. I always felt dirty paying BT for their stinking product.

 

[wv2win]

...........I suspect that the Tobacco lobbyist is involved with banning e-cigs.

What are your thoughts???

Jen

That is completely wrong. Big Tobacco could care less other than to get into the market themselves. It is Big Pharm that is bank rolling the efforts to have vaping banned. There are numerous articles and threads on this,.

 

[sailorman]

Yeah, I think BT was in favor of seeing it classified as a drug. Then, they could just continue business as usual without having to make any further investments in R&D or anything. Had they been classified as a drug, they'd have remained so small that BT wouldn't have been threatened at all.
Since that's no longer an option and e-cigs are a tobacco product competing directly with cigarettes, they want a piece of the action.
Now, it's BP who stands to lose money on their concoctions and prescription poisons.