If you’re an e-smoker, you are probably aware of how amazing e-cigarettes are for so many reasons, however one of the best is that they are having an excellent effect on the economy. Here’s a look at how this amazing industry is contributing to the growth of our economy.
-Most electronic cigarette businesses are small businesses, and small businesses drive the economy. It is a positive sign of economic recovery when individuals are starting businesses and succeeding. Many e-cigarette businesses are mom-and-pop endeavors, which add jobs, services, and revenue to their local communities.
-Innovative products contribute to growth. Technology is everywhere, and people are more and more interested in technologically advanced products. E-cigarettes provide an advanced method of a traditional product; cigarettes, while adding benefits, eliminating negatives, and fulfilling needs while costing less.
-Added jobs. As the electronic cigarette industry grows and expands, despite the predictions of e-cigarette regulations, the market’s need for workers expands as well in so many areas. The need for jobs shows economic growth and stability, as so many jobs were lost in due to the recession of 2008-2009.
-Sales are soaring. The e-cigarette market is growing into a $2 billion industry this year; which is no small feat for an industry that barely existed a decade ago. What’s even more exciting is that the industry is expected to continue this fast-paced growth, and statistics anticipate within 10 years the market will hit $10 billion annually.
-Smokers now have a valid alternative to traditional cigarettes, unlike cessation devices that do not provide the same sensations and feeling of smoking. As an “alternative,” electronic cigarettes give users everything they want, without actual tobacco, smoke, odor, or tar.
As you can see, the electronic cigarette market is having a very positive effect on the economy. This industry has inspired smokers to choose a more modern, more convenient product that comes with the benefit of being smoke, and tobacco-free. Business is booming, jobs are being added, and products are selling. It is definitely a great moment for the smoke-free movement.