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This is a prime example of Regulatory Capture [1]. "That means nearly all every e-cigarette on the market — and every different flavor and nicotine level — wou
by pdq 10y ago
This is a prime example of Regulatory Capture [1].
"That means nearly all every e-cigarette on the market — and every different flavor and nicotine level — would require a separate application for federal approval. Each application could cost $1 million or more."
[1] https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
- mtgx 10y agoIt reminds me of taxi medallions.
- passivepinetree 10y agoDoes anyone know why each application would be so costly? That amount seems ridiculously large to me.
- snuxoll 10y agoThe FDA's position on tobacco products is such that they realize they will continue to exist, but they certainly don't want to incentivize their continued use and development. Of course, the high cost of the application results in regulatory capture, so this is more of a handout to the existing tobacco industry more than anything. Imperial Brands and Reynolds American both own products that are grandfathered in (Blu and Vuse respectively), and can afford the cost of the applications (especially when you consider they sell cartridges fro these products at $5 a piece for under 1ml of liquid, which is why the majority of "vapers" buy higher grade equipment and liquid in bottles - these devices are less cost effective than traditional cigarettes).