Vapor Talk: Let’s Be Sensible About E-Cig Taxes, Too

Posted by Mistic E Cigs

Jul 29, 2014 4:35:00 PM Comments

taxes on e-cigs

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. 

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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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Topics: Vapor Talk

    
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