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The state of Kentucky is home to the largest population of adult smokers in the United States. But even in this bastion of cigarette smoke and nicotine, a competitor is quickly gaining ground threatening to replace traditional cigarettes in the lives of smokers. Electronic cigarettes or e-cigs, are projected to outpace the sale of combustible cigarettes within the decade. Entrepreneurs looking for a profitable product, should invest in the electronic cigarettes before the market becomes saturated.
In Kentucky, researchers are running tests to determine if e-cigs can help smokers drop combustible cigarettes and migrate to what many believe is a healthier alternative. Thus far, the FDA has not come out with any official statement on the health effects of c-cigs. Scientists still need time to fully analyze what affects, if any, “vaping” has over smoking combustible cigarettes. Until then, consumers and e-cig merchants have enjoyed a lack of universal regulation which has allowed for the creation of a variety of flavors for e-cigs from bubble gum to cappuccino. Advertising tactics that have been forbidden to traditional tobacco, are ripe for exploitation for e-cigs in many states. As a result, e-cig sales have skyrocketed and e-cigs have quickly been popularized in the US and even more so in Europe and Great Britain.
Since the FDA has neglected to release national regulations, each individual state has been left to decide how and if they will regulate e-cigs. In Kentucky, the Kentucky Farm Bureau is debating a tax on e-cigarettes somewhat like the 60-cent tax on regular cigarettes. Last April, Governor Steve Beshear, signed a bill authorizing penalties against minors caught vaping and the stores that sell to them. After signing the bill, Gov. Beshear stated that vaporized cigarettes and combustible cigarettes should be taxed equally.
Electronic cigarette merchants are enjoying soaring profits and increasing demand for their products. But many merchant profits are still encumbered because they can only accept cash due to insufficient merchant account management. eMerchantBroker.com is the number one payment processor for your electronic cigarette merchant account, so that your customers can pay for your products with checks, debit, credit, and other types of payment. Contact us now to find out how you can start a e-cig merchant account today.