Vape Shops Worry As New Details Emerge About FDA Regulations
The FDA is still keeping a tight lid on their final regulatory proposal, but details are slowly leaking to the public. As we learn more about the potential regulations for vaping, it is causing a wave of panic to spread throughout the nation. Vape shops in particular are struggling to discern what’s coming and many worry that they will soon have to close the doors. While we don’t know the full extent of the FDA’s plans, we do know enough to see this is going to change the vaping world forever.
Under the FDA’s rules, all vaping devices would be classified as tobacco products. That means vaping will be banned in places where smoking is prohibited and eliquids will be subject to tobacco taxes. Mike Schleiker, manager at Colorado-based Vapor Source, said the tobacco tax concerns him most.
“With the tobacco tax, you’re looking to pay at least triple,” he said. “Cause if you look at cigarettes, the way they went up with the state tax, the local tax, the tobacco tax, all that stuff, they almost tripled in price.”
Eliquid vendors will face even more challenges. Jessica Haliburton, manager of Jvapes, said the process to get FDA approval would be a crushing blow to most vaping businesses. “They’ll have an application process for each flavor, each nicotine strength that will cost $9 million per nicotine strength, per flavor. You know, only big tobacco who already have vaping companies would be able to afford something like that,” she said.
Taxes would also hurt vapers as the cost for their vaping gear would skyrocket almost overnight. According to leaked reports, the FDA plans to tax eliquid by the milliliter. So if you purchase a 30-milliliter bottle of nicotine liquid, it would be taxed 30 times. “We would lose a lot,” Haliburton said. “We could potentially lose employees, just due to the fact of it we lose customers, we’re gonna have to shut down shops, start downsizing you know, everything of that nature.”
As top eliquid companies are forced to downsize their flavor options, it could crush the industry completely. “I know that the vaping industry could not be around in two to four years if everything goes through,” she said.
Do you think the vaping industry can survive FDA regulations? Are we doomed to see thousands of vape fans go back to their old cigarettes?