The electronic cigarette market is now officially a $1bn a year industry. This is according to measurements made by banking and finance company Wells Fargo who have predicted that the industry will generate at least $1.7bn in total sales in 2013.
Wells Fargo Managing Director and Senior Beverage and tobacco Analyst, Bonnie Herzog, revealed: Conservative data indicates that traditional electronic cigarette retail sales on an annualized basis is $700m. When combined with online sales, the industry has now exceeded $1 billion for the first-time ever, with the consumption of e-cigs likely surpassing that of traditional cigarettes in the next decade. Read More below:
Electronic Cigarette Market Races Past $1bn Mark
Wells Fargo Managing Director and Senior Beverage and tobacco Analyst, Bonnie Herzog, revealed: Conservative data indicates that traditional electronic cigarette retail sales on an annualized basis is $700m. When combined with online sales, the industry has now exceeded $1 billion for the first-time ever, with the consumption of e-cigs likely surpassing that of traditional cigarettes in the next decade. Read More below:
Electronic Cigarette Market Races Past $1bn Mark
