Vice Squad: Big Tobacco Shares Slip as FDA's E-Cigarette Oversight May Loom

[5150sick]

http://realmoney.thestreet.com/arti...ares-slip-fdas-e-cigarette-oversight-may-loom


"E-cigarette and vaporized technology remains "broadly positive" for Big Tobacco, according to Herzog, primarily because it should increase the barriers to entry in the already competitive industry.

Despite e-cigarettes becoming a growth driver in companies such as Philip Morris -- which has designed its own -- the only major problem in which FDA oversight over e-cigarettes and so-called "vaping" is that it may restrict future innovation, but should not pose a major threat on the current business model of the major U.S. tobacco makers, Herzog said.

"Keep in mind, even if regs prove restrictive to innovation, this doesn't mean the end of the category, it just means growth could be slower," she added"

 

[Zamazam]

Big Tobacco has been lobbying like diseased weasels to get the deeming regs in force, seeing as they will be the winners when it costs $30K just to submit a battery/vaporizer combo for consideration.

Vaping is big enough now that a black market will be created if the deeming regs are draconian. You'd think the political asswipes would look at history and see what happened during prohibition.

 

[Markw4mms]

Big Tobacco has been lobbying like diseased weasels to get the deeming regs in force, seeing as they will be the winners when it costs $30K just to submit a battery/vaporizer combo for consideration.

Vaping is big enough now that a black market will be created if the deeming regs are draconian. You'd think the political asswipes would look at history and see what happened during prohibition.

You'd think so, but what I see happening is much like prohibition. They will all but completely outlaw vaping as we know it for a couple of years and then backtrack and allow it with a license to sell, manufacture, etc. Oh, and not to mention Federal Excise taxes on all equipment, and juice.
The ATF will become the ATVF.

 

[Rossum]

Big Tobacco has been lobbying like diseased weasels to get the deeming regs in force, seeing as they will be the winners when it costs $30K just to submit a battery/vaporizer combo for consideration.

You're missing at least one zero. The FDA itself estimated it would cost over $300k to file and acceptable PMTA, and most analysts think that estimate might itself be low by close to an order of magnitude.

Vaping is big enough now that a black market will be created if the deeming regs are draconian. You'd think the political asswipes would look at history and see what happened during prohibition.

Yep.

"The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws." -- Ayn Rand