Surge in E-cigarette Stores as Traditional Smoking Declines

May.22.2023
Surge in E-cigarette Stores as Traditional Smoking Declines
Vaping and smoke shops are booming in Virginia, with over half of the profits coming from e-cigarettes.

According to a report published on May 21st by the Newport News Daily Press, the number of tobacco and electronic cigarette stores in Virginia, USA has significantly increased in recent years. Over 50% of these stores' profits come from electronic cigarettes.


According to reports, there are over 20 electronic cigarette shops in Newport News, Virginia, with most of them opening after 2021. In Hampton, there are 28 electronic cigarette shops, with 21 opening after 2020. Norfolk has 29 electronic cigarette shops, with 9 opening after 2021.


According to a report citing data from the Centers for Disease Control and Prevention (CDC), the use of traditional cigarettes has significantly decreased in recent years, with only 11.5% of Americans currently smoking, a significant decrease from 21% in 2005. However, electronic cigarette products have played an important role in filling this gap, especially with the highest usage rate among young people.


According to a recent report, local electronic cigarette retailers have claimed that one of the main reasons for opening their stores is to be able to sell cannabis products in the future. It has been reported that Virginia will legalize cannabis in 2021, with sales licenses being issued as of this July, and actual sales not beginning until 2024.


References:


Virginia's marijuana retail sales may have hit a snag, but vaping and smoke shops are experiencing an uptick in business.



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