Business

The Benefits and Drawbacks of the Vaping Industry

Vaping is among the world’s fastest-growing businesses. Smokers are increasingly turning to safer options. The customization component of vaping attracts and retains customers for there are hundreds of electronic cigarette equipment and countless e-juice varieties to choose from.
The benefits of launching a vape company
1. You’ll be able to choose from a variety of business prospects.
Vaping is more than just a smoking substitute. The cannabis business has exploded, with CBD vape becoming the preferred option for…

Business

Big Vape Retailer Quits Over Unattainable FDA Laws

Avail Vapor, a notable vape company in the US, has decided to end its operations because of the alleged unattainable regulations of the US Food and Drugs Administration (FDA). James Xu, the owner of Avail Vapor, started his vape business in 2013 with a manufacturing facility in Chesterfield, Kentucky.
To date, he has opened 100 stores in 12 states and has 400 employees in total. Unfortunately, Xu decided to close his business because of the current hostile government regulations that he finds impossible to comply with.
Despite all of the research demonstrating that e-cigarettes are relatively safe and effective as smoking …

Business

Phillip Morris Ventures in Respiratory Treatment

In an effort to shift the public’s health interest, Philip Morris International (PMI) is now slowly moving away from selling cigarettes to safer alternatives.
To this end, the world’s largest tobacco company has partnered with Vectura (VEC.L) to receive access to the British drugmaker’s respiratory disease treatments and inhalation device technologies.
PMI reported net revenues of $7.5 billion in the first quarter of this year, which is up 6% from the same period a year ago, with smoke-free goods accounting for 28% of total net revenue. The global shipping of heated tobacco units also increased by 29.9%, to 21.7 billion…

Business

BAT Ventures Into a Biotechnology Company

One of the most prominent tobacco companies in the industry, British American Tobacco, has recently ventured into a plant-based biotechnology company.
The biotechnology company, called KBio Holdings Limited (KBio) and launched in the United Kingdom, aims to accelerate the research development and production of novel treatments.
Dr. Patrick Doyle, the executive officer of KBio, expressed excitement over this new development. He was thankful for the opportunity to make significant accomplishments by BAT and KBP working together.
In the same way, Dr. David O’Reilly, director of scientific research, said that the …