E Cigs industry now influencing big tobacco brands towards its business.
Los Angeles, CA -- (SBWIRE) -- 09/03/2013 -- The nicotine business is increasing tremendously whether it is tobacco cigarettes or e cigs. One side, the sales of tobacco cigarettes are going down while on the other side e cigarette is achieving skyrocketing sales with their boosting growth. Big tobacco companies are now turning towards the indefinable growing business of e cigs. These tobacco tycoons are jumping into the e cigarette industry by considering it as a big and fruitful business sector.
Currently smokeless cigarettes are subjected to ordinary sales taxes; this is one of the big reasons for the sudden increase in the sales of electronic cigarettes. Being an unregulated device, smokers can still enjoy vaping at public places, that’s why tobacco giants are producing their own e cigarettes. Altria Group, the World’s biggest brand of Tobacco has set up to launch its own e cigarette “MarkTen” this month.
While Reynolds American, the second largest tobacco brand in United States is also rushing its VUSE product. Meanwhile Lorillard has earned a big amount of revenue of approximately $57 million in the first quarter of this year.
Market experts say that as long as the government doesn’t impose electric cigarette with a cluster of new taxes, these tobacco giants will keep e cigarettes off hoardings.
As per market experts, it is finally expected that market of e cigarette would be $1 billion this year and according to its current pace, it is estimated that it will take off the business of traditional cigarettes by 2047. DigitalSmoke.org, the best e cigs review website says that the business of e cigarette is lucrative and it outshines its future with its unexpected sales.
DigitalSmoke.org is one of the leading e cigarette reviews website that provides authentic and trustworthy reviews on the basis of experts in-depth analysis. DigitalSmoke.org provides assistance to smokers in choosing the perfect brand of electronic cigarette. They review and list the top selling e cigarette brands to let users buy electronic cigarette easily.
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