As industry-wide prices for vaping products have gradually fallen over the past half-decade, a not-so-surprising trend has developed.
Sales have steadily risen.
According to officials from the Center for Disease Control and Prevention (CDC), taxes aid in driving down prices, making e-cigarette sales rise. Guided by Teresa Wang, representatives from CDC’s Office on Smoking and Health warned in an article for Preventing Chronic Disease journal that if pricing continues to decrease, vaping use likely will increase.
As the U.S. Food and Drug Administration (FDA) studies the overall health risks of vaping, monetary concerns could be a key to the government agency ultimately deciding on the industry’s potential legitimacy, Consumer Affairs reported.
“By state, average monthly sales significantly increased for at least one of four e-cigarette products in all 48 states and Washington, D.C.,” the team from CDC said. “Overall, U.S. e-cigarette unit sales generally increased as product prices decreased.”
From 2012 to 2017, e-cigarette products have experienced a domestic sales increase of 132 percent, CDC officials said.
The FDA is on record for being concerned about potentially harmful chemicals being delivered by e-cigarettes and fearful of a new generation of nicotine addicts. Top FDA officials Dr. Scott Gottlieb and Mitch Zeller penned a joint blog entry Aug. 2 describing how the agency is formulating new regulations for the e-cigarette industry. Gottlieb serves as the FDA director and Zeller heads the FDA’s Center for Tobacco Products.
In the blog, Gottlieb and Zeller wrote: “We’ve already announced several vigorous enforcement actions and education efforts aimed at addressing youth use of nicotine, and e-cigarettes in particular. More such actions are imminent.
“We’ve also become aware of reports that some companies may be marketing new products that were introduced after the FDA’s compliance period and have not gone through premarket review. These products are being marketed both in violation of the law and outside of the FDA’s announced compliance policies. We take these reports very seriously.”
Consumers also take saving money seriously.
As long as the prices are down, it seems likely e-cigarette sales will continue to rise.
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