ENDS Vape Shops: Difference between revisions

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*Members of the industry and their employees paid $3.31 billion in federal, state and local taxes. This does not include state and local sales taxes or excise taxes that may apply for specific retail purchases which are estimated to total $1.67 billion.

*[https://vaportechnology.org/wp-content/uploads/2019/09/Vapor-Industry-Economic-Impact-Study-by-Dunham-Associates-2019-Updated.pdf Original link to the study]

===2019: [https://vaportechnology.org/wp-content/uploads/2019/11/Dunham-Economic-Impact-of-Flavor-Ban-11-21-19.pdf The Economic Impact of a Ban on Flavored Vapor Products ]===

*The vapor product industry is an important part of the US economy. About $9.2 billion in vapor sales lead to 166,000 jobs and $24.5 billion in economic activity. About 58,430 of these jobs are held by people working for the over 13,480 independent retail vape shops located across the country.

*Based on independent vapor industry data, flavored vapor products account for about 85.7 percent of sales volume. Therefore, a ban on all flavored vapor products would:

** Cause sales to fall by about $8.4 billion and the overall economy would see a $22.4 billion hit.

** Eliminate over 151,850 jobs.

*Press Release: [https://vaportechnology.org/wp-content/uploads/2019/11/New-Economic-Analysis-Demonstrates-Significant-Negative-Impact-of-a-National-Flavor-Ban50808.pdf NEW ECONOMIC ANALYSIS DEMONSTRATES SIGNIFICANT NEGATIVE IMPACT OF A NATIONAL FLAVOR BAN ]

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 *Members of the industry and their employees paid $3.31 billion in federal, state and local taxes. This does not include state and local sales taxes or excise taxes that may apply for specific retail purchases which are estimated to total $1.67 billion.
 *[https://vaportechnology.org/wp-content/uploads/2019/09/Vapor-Industry-Economic-Impact-Study-by-Dunham-Associates-2019-Updated.pdf Original link to the study]
+===2019: [https://vaportechnology.org/wp-content/uploads/2019/11/Dunham-Economic-Impact-of-Flavor-Ban-11-21-19.pdf The Economic Impact of a Ban on Flavored Vapor Products ]===
+*The vapor product industry is an important part of the US economy. About $9.2 billion in vapor sales lead to 166,000 jobs and $24.5 billion in economic activity. About 58,430 of these jobs are held by people working for the over 13,480 independent retail vape shops located across the country.
+*Based on independent vapor industry data, flavored vapor products account for about 85.7 percent of sales volume. Therefore, a ban on all flavored vapor products would:
+** Cause sales to fall by about $8.4 billion and the overall economy would see a $22.4 billion hit.
+** Eliminate over 151,850 jobs.
+*Press Release: [https://vaportechnology.org/wp-content/uploads/2019/11/New-Economic-Analysis-Demonstrates-Significant-Negative-Impact-of-a-National-Flavor-Ban50808.pdf NEW ECONOMIC ANALYSIS DEMONSTRATES SIGNIFICANT NEGATIVE IMPACT OF A NATIONAL FLAVOR BAN ]
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