When it comes to tobacco, many people see the advertisement from the government or other NGOs, which promotes the disadvantages of using it. Still, there has been a vast demand in the tobacco industry despite facing tons of criticism and regulations from government departments. Big tobacco companies suffered a considerable amount of loss from the last two years because the food and drug administration decided to strengthen the law on the selling of e-cigarettes and traditional cigarettes also. CDC issued a report that many teenagers are getting addicted to this form of smoking, also known as vaping.
Teenagers are in the belief that such types of cigarettes do not harm their bodies; hence, they are consuming at higher levels. FDA had to put strict restrictions on the selling of these products because of which many tobacco companies suffered millions of dollars. Tobacco industry has always been making profit despite facing such regulations. Now this time also the history is going to get repeat because companies are already promoting vaping products stating it doesn’t contain the harmful nicotine.
Stocks of tobacco companies have fallen down from the last few years because of ongoing dispute with government departments. However, the rise of demand has always favoured them even if some people think there should be permanent ban on these things it won’t happen. Now one of the things which is concerning the investors is the rise of products prices. In order to gain more profits tobacco companies are coming up with new ideas about e-cigarettes and related products. Teenagers, especially high school students are smoking e-cigarettes at higher rates. Many non-profit organizations which promote anti-tobacco culture are against the ongoing strategy used by tobacco companies. The future of the tobacco industry seems to be vaping, and that’s why big companies are betting on it. Health organizations like the CDC are issuing warnings about the adverse effects of smoking these products; still, the hug demand doesn’t stop it.