Recently ProPublica published an extensive article about their investigations into the U.S. states and how they’ve used the money from tobacco settlements. Turns out, not so good. Too many states entered “it’s my money and I want it now” type deals with Wall Street think that the tobacco money would be as steady source of capital.
While I wouldn’t be foolish enough to say that this is the main reason why so many states are eager to regulate vaping and e-cigarettes I would definitely say that it is a major contributing factor. Since they bled the tobacco well dry they’re going to follow its old users and try to collect the money from their new, albeit less addictive, hobby.
3 thoughts on “Why the States’ bad deals with tobacco are bad for vaping”
Indeed…you Are more than correct to say Funding is Why! Because those Bonds MUST be paid buy Sales of Tobacco, hence why #ecigs must be be a Tobacco product for them.
Much rather be a Modified Tobacco product though, so New rules would Have to be made to fit this new technology.
“Since they bled the tobacco well dry they’re going to follow its old users and try to collect the money from their new, albeit less addictive, hobby”
The FDA Deeming Regs aren’t regulating vaping, they’re destroying it … except for the vastly inferior cigalikes made by the tobacco industry, which they will tax exhorbitantly like tobacco. It costs over a million US dollars to put in approval for one product so, if one eliquid flavour comes in 6 nicotine strengths (including zero nicotine) that’s 6 million+ US dollars. None of the small ecig firms that sell the superior vaping equipment and eliquids can afford that. That’s how they’re wiping out the industry …. handing tobacco companies and pharma the monopoly for poor products. The only way we can stop them is vapers turning out in their tens of thousands to protest, scientists getting together to protest and as much PR as possible to embarrass them. Stop the corruption!!!!!!!!
Thank you for your comments. Please check out my latest post on the matter.