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Electronic Cigarette Sales Surpass 1 Billion

7. April, 2014|Uncategorized|Comments Off

When investing in any company or type of product, one of the first questions to ask is, “how prevalent is this product/company? What does the future of this company/product look like?”

For the future of electronic cigarettes and personal vaporizers, the future is bright. In fact, bright might be an understatement; the future is blinding. In just one year, sales have more than doubled, surpassing an astonishing 1 BILLION dollars, according to Forbes.

“If the technology continues to innovate the way that it has been, in 10-15 years from now, we are the replacement to big tobacco,” quoted one CEO of a popular electronic cigarette company to Forbes on 9/17/2013 in response to the exponential market growth.

But before we consider this astonishing number, let us first analyze tobacco’s reign on the US economy. Not only did colonial America nearly rely on the cultivation, trade and sale of tobacco, but according to the USDA National Agricultural Statistics Service, tobacco remains one of America’s top ten cash crops.

Though the FDA has yet to conduct proper testing to deem e-cigs and personal vaporizers “smoking cessation” devices, many doctors, researchers and users are swearing by them. In theory, even if electronic cigarettes are not 100% “healthy,” they do obviously pose less harm in some very obvious ways. E-cigs are smokeless, which means that the consumer is not inhaling or being exposed to smoke, ash and tar; three significant drawbacks to positive health associated with traditional cigarettes. In addition, research has proven that individuals (even if just switching for the cash savings or the “fashion” aspect) are still more likely to quit.

For more information on electronic cigarettes, visit www.clearette.com