E-cigarette sales are smoking hot, set to hit $1.7 billion

April 16 [Mon], 2012, 15:28
But the explosive growth of the electronic devices has made even the Big Three tobacco companies wake up and jump into the market with various products. Herzog, in a recent report, wrote: "We have increased conviction that consumption of e-cigs could surpass consumption of conventional cigs within the next decade."
Herzog’s nearly $2 billion sales prediction for 2013 comes at a critical point for the industry, which is anticipating possible Food and Drug Administration regulations. The Wall Street Journal last week reported that the FDA has recently discussed with industry officials a possible ban on online sales to prevent sales to minors. Andries Verleur, CEO of leading online e-cig company BlueVaper Ecig, said such a ban "would definitely lead to some retraction for the overall category.
That would also be giving a substantial advantage to companies that already have a very large retail distribution." That said, BlueVaper Ecig is dramatically increasing its presence in stores to lessen the impact of an restrictions on Internet-based sales.
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