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Tobacco companies own vaping products but they don't want to. They'd rather lose their entire vaping line and go back to tobacco because it's tremendously more

Tobacco companies own vaping products but they don't want to. They'd rather lose their entire vaping line and go back to tobacco because it's tremendously more profitable and they have much more control over that.

atlasunshrugged 7y ago
Any articles or data on the statement about them not wanting to own vaping products? I recently read PMIs and BATs quarterly reports (and last years reports as well) and they're both talking up their novel products as a new source of growth as they're getting hammered on traditional tobacco. I mean I'm sure they'd like the world to just stop taxing/regulating cigarettes and everyone forget that it kills you and stay in that business forever but that just doesn't seem like a market reality
- dr_dshiv 7y ago
  Vaping is taking a much bigger hammering than cigarettes this year. Can you imagine owning a vape shop in Massachusetts when the governor just said, boom, it's illegal -- while cigarettes get sold next door? https://www.wbur.org/hereandnow/2019/10/04/massachusetts-vaping-ban-shops-closed https://www.wbur.org/hereandnow/2019/10/04/massachusetts-vap...
  - atlasunshrugged 7y ago
    Ha, yeah that's true, this year has been rough for vaping, but the general trend for the years prior was that it wasn't quite as hated as tobacco. But I don't think the blowback has been so strong elsewhere, I've been spending a lot of time in Ukraine and I think generally the news is pretty positive even for IQOS which from my understanding from the research that's out there is likely worse than vaping and closer to the harm level of traditional cigarettes Plus just from a technical perspective because the devices aren't 'cigarettes' they're usually taxed and regulated differently, if at all, by many countries that already have high taxes and rules for cigarettes, so this is an opportunity to establish a new product category, get new customers for a few years at inflated profits because of the loose taxes and regulations, and then back to business as usual then rinse and repeat with the next generation of products
teknologist 7y ago
The "heat not burn" systems that big tobacco companies have been pushing as a vaping alternative recently seem like they would be better sellers than cigarettes. They appear to use less materials and cause their users to consume more as they don't smell anywhere near as much (can be used anywhere) and are simply more convenient in general. Users also end up smoking more as there's a short time window to use a stick.

atlasunshrugged 7y ago

Any articles or data on the statement about them not wanting to own vaping products? I recently read PMIs and BATs quarterly reports (and last years reports as well) and they're both talking up their novel products as a new source of growth as they're getting hammered on traditional tobacco. I mean I'm sure they'd like the world to just stop taxing/regulating cigarettes and everyone forget that it kills you and stay in that business forever but that just doesn't seem like a market reality

dr_dshiv 7y ago
Vaping is taking a much bigger hammering than cigarettes this year. Can you imagine owning a vape shop in Massachusetts when the governor just said, boom, it's illegal -- while cigarettes get sold next door? https://www.wbur.org/hereandnow/2019/10/04/massachusetts-vaping-ban-shops-closed https://www.wbur.org/hereandnow/2019/10/04/massachusetts-vap...
- atlasunshrugged 7y ago
  Ha, yeah that's true, this year has been rough for vaping, but the general trend for the years prior was that it wasn't quite as hated as tobacco. But I don't think the blowback has been so strong elsewhere, I've been spending a lot of time in Ukraine and I think generally the news is pretty positive even for IQOS which from my understanding from the research that's out there is likely worse than vaping and closer to the harm level of traditional cigarettes Plus just from a technical perspective because the devices aren't 'cigarettes' they're usually taxed and regulated differently, if at all, by many countries that already have high taxes and rules for cigarettes, so this is an opportunity to establish a new product category, get new customers for a few years at inflated profits because of the loose taxes and regulations, and then back to business as usual then rinse and repeat with the next generation of products

teknologist 7y ago

The "heat not burn" systems that big tobacco companies have been pushing as a vaping alternative recently seem like they would be better sellers than cigarettes. They appear to use less materials and cause their users to consume more as they don't smell anywhere near as much (can be used anywhere) and are simply more convenient in general. Users also end up smoking more as there's a short time window to use a stick.