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Started as an Internet phenomenon, electric cigarettes, such as Rhode Island-based Cigotine, have their roots in China and first made their way to this side of the world in the mid-1990s. Still a niche product at retail, the promise of future fortune has industry experts and convenience retailers alike buzzing about the potential of smoking alternatives. Electric cigarettes currently generate roughly $300 million, which is expected to grow into a $1 billion category, comparable to traditional cigarettes, within a decade. Some industry insiders expect the $1 billion barrier to be cracked in less than half that time. There are currently 1.5 million e-cigarette users. And while that number pales next to the 46 million Americans who consume traditional tobacco products, there is one key difference between the two segments: electric cigarettes are growing, while tobacco-based cigarettes are in decline. The enormous appeal of electric cigarettes stems from a variety of perceived advantages over traditional cigarettes. Not only are they perceived as healthier, but also cheaper and far more convenient. They can be used almost anywhere because no smoke is inhaled or exhaled; only vapor. On the flip side of being a gateway into the tobacco category, there are consumers who use these smoking alternatives as a smoking cessation tool. Last April, the FDA announced its plans to regulate e-cigarettes as tobacco products and will work with the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to tax and regulate distribution, which means electric cigarette importers must have tobacco importing licenses, and sellers must have tobacco licenses in all 50 states. States are still figuring out how to deal with e-cigarettes. In Hawaii, for example, the product was up against a proposal that aimed to tax e-cigarettes at 70% of the wholesale price. Hi friends… If you get more information about "www.cigotine.com" so please check out these links: - Best Electronic Cigarettes.
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