The federal ruling extends the FDA’s authority to all tobacco products, including e-cigarettes, cigars, hookah tobacco and pipe tobacco. By CSD Staff Convenience retailers that have waited for federal decision makers to take a firm position on the regulation of electronic cigarettes don’t have to wait any longer. In a press conference this morning, Health…
FDA Deeming Rules Could Stifle Innovation
The costly and time-consuming requirements will be burdensome for many small manufacturers. Wells Fargo Securities weighed in on FDA’s Thursday, May 5, announcement on the final ruling on electronic cigarettes and vapor regulation, which provides a framework for the FDA to regulate previously “undeemed” tobacco products, including e-cigs/vapor products and cigars in the U.S., and…
Eversmoke Brand Dissolves into VaporFi
In response to the evolving needs of customers of the vaping industry, the International Vapor Group has chosen to combine two of its electronic cigarette lines. International Vapor Group Inc. has announced that Eversmoke, one of the company’s wholly-owned subsidiaries, will be transitioning to the VaporFi brand. “We’re very excited about the shift in the…
The State of the Tobacco Industry
At the close of the recent quarter, the tobacco industry remained in a favorable position. Despite the rise in health-conscious consumers, recent data from the recent four-week period ending April 23, 2016 has revealed that the tobacco market remains strong as a whole. A new report from Wells Fargo has revealed the driver of growth…
The Cigarette Store Corp. Acquires Tobacco Depot
The country’s largest retail tobacco store operator looks to expand its footprint into the Florida market. The Cigarette Store Corp. (TCSC), owner and operator of Smoker Friendly retail stores, has finalized its acquisition of Tobacco Depot. The acquisition includes the company, along with Tobacco Depot’s 13 stores in and around Tampa, Fla. Smoker Friendly will…
Cigars & Cigarillos Market Expands
Increased variety and increased consumer diversity are among the factors driving the cigars and cigarillos industry. The new “Global Market Study on Cigars & Cigarillos” from Persistence Market Research has revealed that the cigars and cigarillos market is poised for significant growth in the coming years. The report estimated that the market was valued at…
Wells Fargo Shares NATO Show Takeaways
After a panel discussion featuring FDA Director Zeller, Wells Fargo notes its perceptions of where regulations are headed. Wells Fargo Securities LLC weighed in on highlights from the National Association of Tobacco Outlet (NATO) Show in Las Vegas last week where Mitch Zeller, director of the FDA’s Center for Tobacco Products, presented on a panel.…
Cigarettes and Other Tobacco Products
By Bill Scott, President, StoreReport LLC Lately, I have been looking for new ideas regarding analyzing the millions of records we have accumulated over the past 13 years. You can find yourself lost in analysis if you are not careful. However, there is something about it that intrigues me. Assumptions have the propensity of becoming…
House Appropriations Committee Amends Tobacco Control Act
The predicate date established in the Tobacco Control Act has been changed. The tobacco industry is celebrating as the House Appropriations Committee has passed an amendment to change the predicate date for the Tobacco Control Act. According to a report from the Cigar Association of America Inc., the predicate date, which was previously set at…
FDA Educates on Smokeless Tobacco
The FDA is collaborating with Minor League Baseball to educate at risk teens about the health detriments that can result from smokeless tobacco use. Alterations have been made to “The Real Cost” campaign from the U.S. Food and Drug Administration (FDA) in an attempt to reach a wider audience. “The Real Cost” campaign is now…