Italy’s Crumbling E-Cigarette Industry or How Excessive Taxation Can Ruin a Booming Business
Only a year ago, Italy's electronic cigarette industry was booming. According to official statistics it had a three-figure growth rate at the end of 2012, but now, less than a year ago, both small and large businesses are dying out as a result of an imposed 58.5% tax rate imposed by the Government. Not too long ago, we reported the Italian Government had backed off on its
Read More...E-Cigarette Inventor Complains about Lack of Financial Rewards
As the widely-acknowledged inventor of the modern electronic cigarette, you would think Hon Lik is a very rich man, but in a recent interview with AFP, the co-founder of Chinese e-cig producing company Ruyan says the numerous copycats of his designs and the legal disputes with Chinese authorities have prevented him from reaping serious financial rewards. In the vaping community, 57-year-old Hon Lik is known as the father of the electronic cigarette. After losing...
Read More...French Doctors Stand Up for E-Cigarettes, Call Them Infinitely Less Dangerous Than Analogs
A group of ten reputed French doctors have recently signed a letter stating their support for electronic cigarettes, and warning members of the European Parliament that regulating them as medicinal products would only keep smokers from making the switch from tobacco. The group of physicians includes experts in tobacco addiction, cardiology, angiology, cancer, urology, neurology, fetal pathology, as well France’s senior ear, nose and throat (ENT) specialist, all of...
Read More...Lorillard Acquires Leading UK E-Cigarette Brand SKYCIG
After acquiring Blu, the best-selling e-cigarette brand in the United States, in 2012, Lorillard has recently announced its acquisition of SKYCIG, a leading premium e-cig brand in the UK. The Greensboro-based company was the first of the so-called Big Three tobacco giants to enter the electronic cigarette market by paying $135 million for Blu, in April of last year. As the popularity of electronic cigarettes grew, its two biggest rivals, R.J. Reynolds and Altria, realized...
Read More...Why Smoke When You Can Drink? Company Launches World’s First Tobacco Flavored Vodka
If you're looking for something that will leave your mouth smelling like an ashtray without actually lighting up, you're probably going to love the new tobacco-flavored vodka from Ivanabitch. Created in Holland, distilled five times, and triple filtered over active charcoal, the unusual liquor will be available in both classic tobacco and menthol flavors. Flavored vodka is really trendy these days, with flavors ranging from popular like peach and orange to spices like...
Read More...Former Australian Government Considered Using E-Cigarettes to Replace Smoking
As unbelievable as it sounds, Australia might become the world's first major country to outlaw tobacco smoking and replace it with electronic cigarettes. According to the Sun-Herald newspaper, the former government funded large test trial to see if e-cigarettes were indeed a safer, permanent replacement for analogs. The Australian newspaper recently revealed that the country's previous Labor government "committed more than $1 million to a pioneering study that, by 2015,...
Read More...Analyst Confirms Projection That E-Cigarettes Will Overtake Traditional Cigarettes in the Next Decade
Last year, leading tobacco analyst Bonnie Herzog of Wells Fargo predicted electronic cigarettes will overtake tobacco cigarettes in the next decade. Lately, she confirmed that projection, adding that Big Tobacco will probably take over most of the market, leaving a few niche brands to battle for the rest. While the tobacco companies are struggling to keep profit margins up and stop the steady decline in sales, the electronic cigarette market is growing at a rapid pace....
Read More...French Magazine Claims Electronic Cigarettes Are Not the Harmless Gadgets They Are Marketed As
According to an article in the September issue of French magazine 60 Millions Consommateurs (60 Million Consumers), electronic cigarettes contain significant levels of carcinogenic chemicals and are "far from the harmless gadgets they are presented as by manufacturers". The magazine, which reports the findings of the National Consumers' Institute (INC), claims researchers from the institute have detected alarmingly high levels of formaldehyde, acrolein and acetaldehyde...
Read More...Goldman Sachs Sees E-Cigarettes as One of the Top Eight Disruptive Themes of the Future
This month, American investment banking firm Goldman Sachs released a list of eight disruptive themes that have the potential to reshape their categories and command greater investor attention in the near future. Electronic cigarettes were listed as one of these eight markets investors should keep an eye on, for their potential to transform the tobacco industry. According to Wikipedia,
Read More...World’s Largest Tobacco Supplier to Go into the E-Liquid Business
Universal Corp., the world’s largest supplier of tobacco leaf, has announced that its subsidiary Virginia Tobacco Co. Inc. has formed a joint venture with Avoca, Inc., one of the world's premier botanical extraction companies, to produce and sell liquid nicotine for electronic cigarettes. Richmond-based Universal Corp. is the latest tobacco company to enter the electronic cigarette business, following the example of Big Tobacco giants, Lorillard,
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