Money talks and ........ walks.
Asian black markets are one of the most profitable in the world, with everything from weapons, tobacco, DVDs, narcotics....
Boneheaded governments usually don't realise the impact (in the long term especially) of legislative bans. Oh sure it looks politically expedient and may win support from much of the holier-than-thou-I-am-so-law-abiding segment of the population. Well guess what Mr/Mrs I-pay-my-taxes, I pay them too, and much more than you, what with $12-14 packets of cigarettes feeding my erstwhile habit. All that is past now, and will always be, thanks to vaping.. but I digress.
I sound like a broken record but eh who gives an excrement. Drugs are banned. Still available. Pornography is banned. Lol. We even had chewing gum banned at some point. I still grew up with the stuff.
What I'm trying to say is, a ban is only as good as its enforcement. Only as good as the law that binds it. In comes the black market. In the black market there are no rules. No tax. No oversight. No regulation. No binding legislation. Nothing. It is all decided by shadowy underworld figures who do as they please. And who can blame them? The service or products they're selling are illegal! And hitherto comes the crux of the issue, once something that's banned moves into the hands and control of the underworld of society, they, the govt, Big Tobacco, will still stand to lose. Or perhaps everyone. We can only wait and see. They complain about illegal substances inside juice.. a ban isn't really going to magically make that problem disappear isn't it?
Black markets are a highly resilient form of enterprise the world has ever seen since humankind developed trade. With these recent decisions, governments have given up their share of revenue completely, and with it a great chance of properly and rationally regulating this burgeoning industry. Now the industry will slowly fall into the hands of a few kingpins not unlike the heady days of Prohibition in the United States, which saw the rise of infamous figures such as Al Capone.
Supply is driven by demand. Perhaps a ban would have worked, if it had been caught on very early. Unfortunately the technology behind vaping has improved by leaps and bounds, and the market has reached a remarkable saturation point. The demand now as compared to say, just 3 years ago is vastly different. 3 years ago I had no idea what an e-cigarette really was. Now, with insatiable demand, the famous black market will grow. And vaping will continue. For better or for worse. And too late will the govt realise the potential they willingly threw away in a moment of myopic decision-making.
Vape on my friends.