I will get off my iPad and try to find the video interview I saw about the buyout of Blu. I hope I can find that link. It was maybe 2-3 months ago.
They can't ban flavors. They can't ban batteries. The can't ban devices. They can't ban nicotine. They can't ban Internet vendors.
Now, they could regulate things to the point that it would put most/all of them out of business, but they can't ban any of it.
Can you post a link to this.
I am Not Aware of Lorillard selling Blu.
Okay, I got off my Ipad which is limited and found the link to the interview on my comp hereLorillard CEO Murray Kessler on Blu Cigs Purchase, Plans - YouTube Please let me know your thoughts. Let me know also if the link doesn't work and I will check again.
No, in April 2012 Lorillard bought Blu Ecigs out. They didn't sell it, they bought it. Big tobacco bought one of the major ecig companies and did an interview.
Can Electronic Cigarettes Challenge Big Tobacco?
E-cigarettes, invented in 2003, currently account for less than 1% of the $80 billion U.S. cigarette market. But they are growing rapidly: UBS projects that sales, which have doubled every year since 2008, will reach $1 billion in 2013. Numbers like that have put Big Tobacco on notice. “Consumption of e-cigs may overtake traditional cigarettes in the next decade,” predicts Wells Fargo analyst Bonnie Herzog. “And they’ll only evolve and improve as time goes forward — at far less risk. The technology portion of it is sort of like Apple. This is just Version 1.”
The Birth of the E-Cigarette
If e-cigarettes do start to take significant market share away from traditional cigarette makers, they’ll likely be led by NJOY, which has captured about a third of the e-cigarette market. The company was founded in 2006 by patent lawyer Mark Weiss, who had discovered an electronic cigar while traveling through China the year before. The technology was crude, but Weiss saw a business opportunity. Four years later, his brother Craig, also a patent attorney, took over as CEO.
...
Lorillard recently acquired e-cigarette maker Blu, which has an estimated 25% of e-cig market share, according to Wells Fargo’s Herzog. And Reynolds American is currently testing an electronic cigarette called Vuse. The only major tobacco manufacturer that hasn’t made a move is Altria, formerly Philip Morris, the maker of such brands as Marlboro, Parliament and Virginia Slims.
Read more: http://business.time.com/2013/01/08/can-electronic-cigarettes-challenge-big-tobacco/#ixzz2JkMK5u00
Read more: http://business.time.com/2013/01/08/can-electronic-cigarettes-challenge-big-tobacco/#ixzz2JkLllnKE
What we need is an Economist on our side or at least on the payroll so they can present the FDA with the implications of any changes they propose.
What keeps coming to my mind is the guy that bought Blu from big tobacco recently. ...
Okay, I got off my Ipad which is limited and found the link to the interview on my comp hereLorillard CEO Murray Kessler on Blu Cigs Purchase, Plans - YouTube Please let me know your thoughts. Let me know also if the link doesn't work and I will check again.
After viewing the video awhile ago and seeing what is going on and the upcoming whatever meeting in April, I feel big tobacco will own ecigs. Distribute them, labs to make the juices and distribute them, regulate the hell out of them and tax them. They know it's not going away so they will profit from it. I honestly don't think we will be able to buy liquid nicotine like we do now. However that affects the vendors buying it and the websites, I think it's in the process. You do have to admit for us to be able to have these highly toxic huge bottles of nicotine delivered to our homes is sort of something to wonder about. LOL. It only makes sense. It sucks but that's the deal I see.
This is a terrible idea. The economist will point out that the tobacco industry will be making less money and therefore, the FDA will get less pay-offs. Banhammer.
Will they?
If I was directing the Major US Tobacco Trade Organizations, I would be steering the FDA to Restrict the Importation of liquid Nicotine Base.
This shouldnt be hard seeing that China doesnt exactly have a Squeaky Clean record when it comes Purity of Imported Consumables.
Also, any Red Blooded US Tobacco Trade Organization is going to do some Severe Flag Waving saying that Chinese Imported Nicotine Base hurts US Tobacco Farmers and that the it also puts a Unnecessary Burden on Customs.
So I think that whatever Profits BT lose in Combustible Tobacco sales will just shift to e-Liquid Nicotine Feedstock.
If done right, BT could Actually come out making More Profits on Nicotine Base than on Combustible Tobacco.
Okay, I got off my Ipad which is limited and found the link to the interview on my comp hereLorillard CEO Murray Kessler on Blu Cigs Purchase, Plans - YouTube Please let me know your thoughts. Let me know also if the link doesn't work and I will check again.
This is a terrible idea. The economist will point out that the tobacco industry will be making less money and therefore, the FDA will get less pay-offs. Banhammer.