e-cigs making an impact

[dead not sleeping]

I just came from my favorite beverage center, where I used to buy smokes, and the lady told me she misses me. Awwwww. I asked her about their cigarette sales. She replied - down 5%. I also noticed a quite a bit larger e-cig display over what they used to have. That means tobacco tax revenue is also down 5%. I wonder how govt feels with our hands in their pockets for a change? They don't like it I'll bet. That is worrisome to some degree.

dns

 

[jmur]

I'd also be interested to know what kind of numbers BP are seeing. I would assume products like Chantix, etc. have also been affected.

 

[ScottP]

Yes eCigs are taking money from the government, Big-T and Big Pharma. Everyone want's their piece of the pie back. Big-T is offsetting some of their losses by getting into the business, Big-Pharma and the government are still trying to figure out their strategy while funding negative publicity.

 

[TheReign]

Good for them Lol. It's about time that were kickin them in the balls so to speak. They definitely have the upper hand when it comes to the money and the power. Just hopefully we can make a difference in time

 

[Bramble]

Stickin' it to the MAN.

 

[Mowgli]

E-ciggs were a 1.7 billion dollar industry last year.
That's beside what they don't know ie: PG/VG/flavorings/bottles for DIY, mod batteries, etc...

That's a mighty kick-in-the-wallet for sure

 

[DetraMental]

LoL, this made me smile

 

[VapieDan]

I just came from my favorite beverage center, where I used to buy smokes, and the lady told me she misses me. Awwwww. I asked her about their cigarette sales. She replied - down 5%. I also noticed a quite a bit larger e-cig display over what they used to have. That means tobacco tax revenue is also down 5%. I wonder how govt feels with our hands in their pockets for a change? They don't like it I'll bet. That is worrisome to some degree.

dns

You bet. That is why the powers in place want them lumped in as tobacco products so they can tax at the same rate. Also they are in a big hurry to do so. If it turns out they are truly safe it will be very difficult to repeal an existing law. How many laws lately have you heard of being repealed?

 

[DJTim]

E-ciggs were a 1.7 billion dollar industry last year.
That's beside what they don't know ie: PG/VG/flavorings/bottles for DIY, mod batteries, etc...

That's a mighty kick-in-the-wallet for sure

The 1.7 billion is only assumed at this point. I've seen some articles and some people in in the industry actually say it's more like 3 to 4 billion last year.

The e-cig vertical (this is just a guess) is closer to a 10 to 15 billion dollar market. Some of the numbers are skewed cause of the electronic, durable/home goods & building supplies component.

Most of the sales are recorded in other major market segments because the retail e-cig isn't fully realized as a fully separate market segment.

Expect the end of 2014 to actually get recognized as a true market and then we'll start seeing some major players (Big Tobacco and other non-tobacco players) start dipping into this market segment

 

[LEDBETTER122]

This is actually bad news.....This means that they will most definitely put taxes and restrictions on e-cigs to get their revenue to balance out again.

Don't get me wrong I'm glad people are switching to e-cigs and quitting "Analogs"

 

[thatguy2]

I just came from my favorite beverage center, where I used to buy smokes, and the lady told me she misses me. Awwwww. I asked her about their cigarette sales. She replied - down 5%. I also noticed a quite a bit larger e-cig display over what they used to have. That means tobacco tax revenue is also down 5%. I wonder how govt feels with our hands in their pockets for a change? They don't like it I'll bet. That is worrisome to some degree.

dns

it don't worry me none at all..
have any idea of the meaning of "going galt"?

 

[DJTim]

This is actually bad news.....This means that they will most definitely put taxes and restrictions on e-cigs to get their revenue to balance out again.

Don't get me wrong I'm glad people are switching to e-cigs and quitting "Analogs"

Actually regulations are good from a business prospective. It all depends on how far the regulations go. When you have something that is an unknown, when it's a huge possibility that a harsh regulation will be put into place - investors, large corporations, money men/women will not want to invest. It's too large of a risk/reward.

If you get at least some basic regulations in place, you will start to see the market flourish. You will start to see more cash pushed into the consumables (juices, cartos, batteries, heads) and you will start to see top notch designers. You will start to see prices for mods come down. You will (in theory) start to see some quality controls in that market.

I am actually a person for regulation, but again a light-handed regulation. Let's see some standards come out for Nic levels. Lets see some requirements around testing. Let's see requirements for safety in batteries. A light handed approach will still allow your small business / medium businesses enter the market and live. It will also give large corporations to start doing R&D into new mods, new batteries, new forms of delivery of vapor.

I will now get off my soap box

 

[KODIAK (TM)]

Good for them Lol. It's about time that were kickin them in the balls so to speak.

Noble sentiments but I have never known the Federal Government to lose any revenue. (Ever). They will always get that last groin shot.

 

[Bunnykiller]

the government makes money 2 ways, by taxing what ever it is, or by making it illegal and imposing fines for doing it... at the moment, it looks like they are making it illegal untill they figure out a way to tax it....