How Vape Industry Changing Lives Of New Small Business Owners

 

Ever since the “Juul” hit the markets in 2017, the vaping business has got all great guns going for it. No denying, smoking vitamins as a means to quit smoking has witnessed a large number of users taking the plunge from conventional smoking to a worthy tobacco alternative.

As such, the vaping industry is projected to hit an impressive compound annual growth rate of no less than 19 percent by the end of 2023. The market value of the industry stands at $45bn USD.

It’s a delightful scenario with thousands of cool devices and vapor liquids to choose from, and fill it with enticing Oem E Liquid that comes in an array of flavours. In one word, “pleasure” all the way.

Also, users get to up the fun bit as they can cook or customize their own liquids and vaporizers. This is something that is absent from the scene of just about any addictive substance in comparison.

Thus, as a small business owner, your options aren’t limited to just one but multiple opportunities :

  • You can open your vapor shop online
  • Open a vape wholesale brick and mortar establishment to keep it classic
  • Create your own brand and establish your name among ejuice manufacturers
  • Creating your own brand of vaporizers.

In a study conducted in 2017, the researchers found out how ex-smokers who had just made the shift to e-cigs for over a year showed a much reduced level of carcinogens as well as other toxic compounds compared to traditional smokers.

Also, taking into account the fact that e-liquids are less addictive compared to traditional tobacco, it has worked as a worthy alternative to general nicotine cessation products like gums and patches. Well, that is exactly how vape was discovered in the first place by a pharmacist when his own addiction to tobacco didn’t find a remedy through nicotine patches.

Undeniably, vaping has managed to save thousands of individuals otherwise addicted to tobacco. Thus, for many small-time vaping business owners, it’s more like a mission.

So, for anyone who is looking to start their very first small business, vaping can be your go-to-option. With industry statistics suggesting how the vaping industry can transform into the bigger picture, worth $60 million dollars by 2025, one can understand very well how everyone wants a piece of meat there.

Read More: https://www.intelligenthq.com/how-vape-industry-changing-lives-of-new-small-business-owners/

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