PG and VG are both sold in good quality and are labelled:
Propylene Glycol, USP (or BP or EU)
Glycerine, USP (or BP or EU)
It is possible that a USP product can be either pharma grade or food grade. The USP designation only refers to a general production regime and does not cover the exact contaminants as long as the minimum standard is met. So a USP product might be considered safe for inhalation; or it might, on test, prove inadvisable to inhale. The only product that is guaranteed to be suitable for inhalation is a product that is (a) designated by the manufacturer as Pharmaceutical Grade, and that (b) also has a provable license for inclusion in a specific inhalable medicine. Needless to say this is virtually impossible to locate for the individual buyer. A vendor would be able to
buy e.g. Dow Optim glycerine in quantity, for mixing down (or its PG equivalent), and be assured the material is suitable. This however doesn't take into account the nicotine base carrier PG or glycerine.
As a practical example,
the FDA has warned that glycerine marked USP may contain toxic components from biodiesel byproduct manufacture, and currently there appears to be no way of determining whether or not a USP product contains biodiesel byproduct glycerine. Only synthetic pharma grade glycerine can be be assumed to be free of such contaminants at this time.