Young smokers are boosting e-cigarette sales
The sudden boom in electronic smokes has public health advocates worried because the products are hardly regulated.
Consumption of e-cigarettes may overtake conventional smokes within the next decade as their popularity continues to surge, according to the Tobacco Vapor Electronic Cigarette Association (TVECA), a trade group. Unfortunately, however, some of that new popularity comes from young people who are increasingly turning to electronic smokes.
The industry itself sees better times ahead even if the Food and Drug Association implements a proposal banning TV ads and restricting online sales next month, as many expect. Sales of the battery-powered devices, said by fans to be less harmful than regular smokes, are expected to hit $1.7 billion by year-end.
Altria (MO) and Reynolds American (RAI), two of the biggest tobacco companies, have also entered the e-cigarette market, and many closely held companies have followed suit. A TVECA association spokesperson could not immediately be reached for comment.
Most states don't regulate e-cigarettes because they're relatively new products. The sales explosion has caught regulators off guard and alarmed public health advocates. Data released by the Centers for Disease Control and Prevention on Thursday show that use of these products yesterday is skyrocketing with middle school and high school students. Among users of e-cigarattes, 20.3% of middle school students have never smoked a traditional smoke compared with 7.2% among high school students.
According to the American Lung Association, 250 different e-cigarette brands are available, more than half of which are sold in fruit and candy flavors such as cotton candy and orange cream soda that may appeal to children.
"Using an e-cigarette can begin kids on a lifelong addiction to nicotine and tobacco products," Paul G. Billings, the association's senior vice president for advocacy and education, said in a press release. "The CDC study also shows that while e-cigarette use is most common among youth who use traditional cigarettes, a significant percent of youth are only using e-cigarettes, especially among younger age groups."
Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] S&P futures vs fair value: +2.90. Nasdaq futures vs fair value: +6.50. The stock market is on track for a modestly higher start as futures on the S&P 500 trade three points above fair value. Index futures hovered in the red through the majority of the overnight session, but climbed off their lows after European markets opened for action. At this time, indices in Germany, France, and the UK hold gains between 0.6% and 0.9%, while Italy's MIB (+1.1%) outperforms amid ... More
More Market News
'We're not exactly in a uniformly strong market,' says the notably pessimistic newsletter publisher.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'