Ban on flavored vapes might result in lack of 150,000 jobs, $eight.four billion gross sales hit: report


FILE PHOTO: A person makes use of a vape as he walks on Broadway in New York Metropolis, U.S., September 9, 2019. Information/Andrew Kelly

(Information) – A possible U.S. ban on e-cigarette flavors might end in a lack of greater than 150,000 jobs and a direct gross sales hit of $eight.four billion, in line with a report launched on Friday by a vaping trade commerce group.

Two months in the past President Donald Trump’s administration introduced a sweeping plan to ban all e-cigarette and vaping flavors besides tobacco, however a last resolution has not been made.

Trump is ready to satisfy with a spread of teams together with trade representatives on Friday to debate tightening of e-cigarette rules.

Proponents of the ban have pointed to a dramatic rise in youths vaping, drawn by candy flavors, and a surge in severe vaping-related diseases.

Greater than 27.5% of American highschool college students use e-cigarettes, up from 20.7% in 2018, in line with a survey by the Facilities for Illness Management and Prevention.

E-cigarette corporations have, nevertheless, opposed the ban, saying their merchandise aren’t for kids and that it might hit a number of jobs the trade has created.

If a ban on flavored vapes goes by way of, nearly all of 13,480 impartial vapor outlets within the nation must shut, stated the report by economist John Dunham & Associates, which was ready for Vapor Know-how Affiliation (VTA).

Practically 92% of vaping flavors within the impartial distribution chain are these aside from tobacco, stated the report, including the ban might additionally value $22.four billion in misplaced financial exercise.

The VTA, with over a thousand members, represents e-cigarette makers, in addition to retailers and distributors.

Reporting by Manas Mishra in Bengaluru; Modifying by Shinjini Ganguli