In: Economics
Compare and contrast the cigarette industry in the 20th century with the vaping industry today. -Would you support ban on advertising vaping? -Should the vaping industry undergo the same public policy restrictions and taxations that the cigarette industry went through in the past? -Explain how the vaping novelty affect young people health and project effective policies to minimize the nicotine consumption in the next 5-10 years.
The cigarette industry is one of the growing industry in the world. The tobacco widely used as addictive substances in the world. The tobacco is industries is the manufacturer of Cigarette, snuff and pipe tobacco. The US has many policy restrictions for the use of tobacco use of the citizens and charge a massive amount of tax to the manufacturers. The recent law in 2009 called Family smoking and tobacco control act also called the sweeping anti-smoking bill to control the use of any kind tobacco products.
On the same way, vaping is the emerging industry in the world. Vaping technologies have three generations for the product. Now third generation product like Mods and APVs which does not look like traditional cigarettes.
The FDA has the same policy restrictions against vapor industry as well. They are regulating e-cigarettes which are meeting the definition of a tobacco product under the act of Family smoking and tobacco control act. To manufacture the product the company needs to take permission from the public health department. There is not a federal tax on tobacco products. The state has the primary responsibility to undertake tax on tobacco products.
FDA has various measures to control the use of tobacco products in the youth of the country. The purchase of tobacco product need photo id proof and retailers should ensure this. The sales of the vending machine of vapor also restricted under the age of 18. Many of the states in the US has the minimum age of purchase of tobacco product is 21.