VAPE - Global Governments Weigh Restrictions As Vaping Industry Faces Regulatory Uncertainty | Benzinga

As concerns rise over the increasing use of vapes among non-smokers and the younger generation, the vaping industry is facing potential regulatory scrutiny. Governments worldwide are contemplating restrictions on disposable vape sales, putting the future of the industry in limbo.

What Happened: A recent report shed light on the growing popularity of vaping over the past decade, with health organizations endorsing it as a better alternative to traditional smoking. However, the industry is now bracing for potential regulatory interventions, according to a CNBC report. 

Marcus Saxton, the CEO of UK-based vape company Totally Wicked, estimated that the vaping market is worth between $3 to $4 billion. He suggested that the black market could account for up to two-thirds of this figure.

As cigarette sales revenues decline, tobacco companies are turning their attention to the growing vape market. Owen Bennett, a global researcher in tobacco and cannabis equity at Jefferies, said, “The traditional cigarette model, particularly in terms of volume decline, was facing increasing pressure.”

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