The electronic cigarette market is seeing a boost not only in the sales of the products but also in the products available, with an estimated 240 new flavors appearing on the market each month used to fill up the e-cigarette. Many of these flavors are new to this type of product and market, they can range from a mint flavor right through to cotton candy.
The benefits this has on the market reflects in the sales and the number of people currently switching to the e-cig, rather than smoking a tobacco-based product. This means it is a great time for businesses to stock these items, increasing the sale potential overall.
Ensuring you have the facilities in place for accepting payment from customers via credit or debit card is essential for most businesses and sorting out an electronic cigarette merchant account for your business, will grow your business potential.
Many states are considering their position in relation to e-cigarettes, how to view them as a potential source for taxation and if any new regulations are required; Minnesota is currently the only state that taxes e-cigarettes at the same rate as tobacco products.
The companies that are producing these products and the businesses selling them have limited restrictions in place. Industry regulations will come into force but the timing for this is still unknown, the aim is for regulations to prevent the sale of the e-cig to children and to warn users of the dangers associated with using nicotine products.
What campaigners don’t want is for the market to become restricted and affect the booming business associated with electronic cigarettes. Businesses are finding that this product is selling great, generating a boost for the economy.
What is important for all those involved in the market, there are no current signs the popularity is on a decline, they are still attracting people’s attention who are looking to give up tobacco products. This is good news for the health industry too; there is no evidence that can prove that e-cigarettes are better for your health, but if you are taking in less nicotine, then it follows these are better for the health and the well-being of those people using them, instead of using a tobacco product.
For an electronic cigarette merchant account call 1-800-621-4893
EMB are proud members of The Smoke Free Alternatives Trade Association