FDA To Oversee Vaping Industry
The U.S. F.D.A. released new rules that are seemingly as harsh as those that deal with tobacco and will affect the multibillion e-cigarette industry according to the the Chicago Tribune’s 5/6/16 report.
These rules like prohibited sales to minors and health warnings on products represent the first time that the vaping industry has had to face federal oversight. Also, companies that do not submit marketing applications risk having their products removed from stores. According to the Chicago Tribune, “E-cigarettes are battery-powered devices that turn nicotine into an inhalable liquid vapor. Though nicotine can be addictive, e-cigarettes lack the chemicals and tars of burning tobacco.” Currently, there is no evidence that these devices are harmful. While public health officials and teenagers’ parents may be rejoicing the FDA’s decision, the vaping industry is dismayed. According to Gregory Conley, the president of the American Vaping Industry, thousands of businesses could close due to the time spent and costs of complying with the regulation. According to Wells Fargo, e-cigarette sales totaled to $3.5 billion in 2015. Most e-cigarettes and accessories are sold in convenience stores, gas stations, vape stores, and online.