Thanks to their growing popularity, ecigs are now a multi-billion dollar a year industry and a big competitor of Big Tobacco*. Since cigarettes were banned from public places in 2006, they have become subject to more and more regulations, leading to the decline in sales of cigarettes and a loss for the tobacco industry. But these regulations are now being imposed on ecigs – something Big Tobacco is very happy about.
In case you’re not fully aware of the new FDA e-cigarette regulations, ecig producers will be subject to federal regulation, requiring them to register with the FDA and provide a detailed account of their products’ ingredients and manufacturing processes. Producers will also have to apply to the FDA for permission to sell their products, a timely and costly process. You can read more about that in our previous blog post. Logic ecigs is one of the top three ecigs companies that operate in the US and it is cooperating and complying with all the e-cigarette regulation requirements, don’t worry, we are here to stay.
Big Tobacco companies began to sell ecigs in an effort to shut down some of the smaller ecig businesses who cannot compete, and to ensure this happens, they are pushing for more e-cigarette regulation.
Gary A. Giovino, a professor of health behavior at the State University of New York confirmed this fear, saying: “If the vape shops go out of business because they cannot afford to provide the information the F.D.A. needs, then the multinational tobacco companies will have less competition.”
Thankfully ecig companies have two years to submit an application to the FDA for approval of a product and can stay on the market for another year while the agency reviews the application.
Do you think ecig companies are in danger of being pushed out by Big Tobacco? Comment below or tweet us @ILoveEcigs
*Big Tobacco is a term applied to the “big five” largest global tobacco industry companies*
