By John Wiesehan, Jr., CEO of Mistic Electronic Cigarettes
Just as a reasonable science-based regulatory framework is important to help move the vapor industry forward, so is a sensible tax policy.
current tax bills proposed are severely flawed and can seriously stymie the category, potentially creating a black market
—John Wiesehan, Jr.
I agree with industry leaders who have called for fair and reasonable e-cig taxes, similar to North Carolina’s recent .05 cent per milliliter tax on nicotine e-liquid in e-cigarettes.
The state’s decision to tax e-cigs at a much lower rate than traditional cigarettes is indicative of the growing distinction between e-cigs and traditional tobacco.
Other states and local municipalities across the U.S. can use North Carolina’s new tax law on e-cigs as a precedent for proposing their own levy policies.
However, many of the current tax bills proposed are severely flawed and can seriously stymie the category, potentially creating a black market for unregulated products.
The vapor industry continues to grow at a record rate and is expected to reach $10 billion in several years, potentially eclipsing the $90 billion U.S. tobacco market.
A prudent tax policy for e-cigs is not only sensible, but will continue to move the industry forward, offering smokers a truly significant alternative to traditional tobacco.
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