It seems like all the new vapes that have come out recently are more or less the same as the ones that have already been around the last couple years, like vaping has reached a technological plateau. Is that accurate or do you foresee any future advances like we constantly see with cellphones and computers?
What you see is mostly that the American market has gone away.
And therein lies the big sale for the Chinese companies. They are simple in terms of production, volume. When the volume disappears, they find something else to produce.
But why it became so difficult in the US I think is mainly due to low taxes from the vape industry.
The same also applies to Europe, Dimi from Innokin said it in a clarifying way, the vape industry as a whole provides Greece 1/20 in tax revenue compared to only Morris's tobacco company.
The same can be transferred to my country. Customers pay 25% VAT, while the shops deduct the import VAT of 25%.
There will not be that much tax in the treasury as a result.
And if you compare that to the taxes on tobacco, which are perhaps 60-80%...
A politician needs money to carry out something, vape does not come with a lot of cash, at least not yet.