Both state and federal governments are pushing harder for regulation of the e-cigs and vaping industry. Just last week, the FDA introduced a new proposal that would require all vaping products to include warning labels and child-resistant caps. According to the Wall Street Journal, this is the first proposed regulatory action by the FDA since April 2014. This could be bad news for vape shop owners because the next likely step will be federal approval on all e-juices, pave pens, and e-cigs sold in the United States. Once it rains, it pours, as the saying goes.
Another WSJ story released just minutes ago on July 7, 2015, talks about Tige Mercer, owner of Vape Atlanta in the trendy neighborhood of Little Five Points. Before opening his vape shop, Mercer was a freelance audiovisual consultant making about 75% less than his current income from Vape Atlanta. With vaping industry revenues currently at an all-time high of over $3.5 billion nationally, Mercer was hoping to increase his revenues by another 50% in the next 12-months alone. He even had plans to open another two vape shops this summer.
(Courtesy of Vape Atlanta/Facebook)
Mercer’s plans may have hit a speed bump. If these federal regulations pass, then shops like Mercer’s may end up spending up to $10 million dollars annually just to manage the data on all of their shops’ inventory that is required to even apply for federal approval. When we’re talking about hundreds or even thousands of tiny bottles of e-juice, vape pens, atomizers, tanks, and everything else involved with vaping, that’s a lot of paperwork.
Mercer says, “It’s hard to make moves under this hovering cloud…worst-case scenario for me, I fire all my employees, (and) go back to one shop and work for myself.”
For a major metropolitan area like Atlanta where jobs are scarce, this isn’t very good news. And Mercer is not alone. Luckily, the legislators are holding off making a final ruling for at least 60-days. This gives the vaping community time to issue their own “public comments,” according to the WSJ report.
Adding fuel to the fire, the California Department of Public Health recently issued their new statistics for child-related nicotine poisonings. The numbers rose from seven cases in 2012 to a whopping 154 poisonings in 2014. With statistics like these, passing of the new FDA regulations seems all but certain. Keep your e-juice bottles out of sight of young children, vapers! It’s not only deadly for the kids, but this sort of foolishness is also killing the vape shop industry. Just as Mr. Mercer of Vape Atlanta.