OKLAHOMA CITY —
“Tobacco companies have access to tobacco, I do not see them getting into the tomato business,” Ownbey said.
The reason that companies have chosen not to be defined as tobacco-cessation products is that brings them under further scrutiny from the FDA, Ownbey said.
In 2012, the e-cig market was estimated to be about $300 million. In 2013, it had grown to $1.8 billion, as reported by Wells Fargo. Three companies have 85 percent of the market.
According to the Centers for Disease Control, the percentage of high school students who had ever used an e-cigarette more than doubled in one year from 4.7 percent in 2011 to 10 percent in 2012. In that same year, 1.78 million middle and high school students in the U.S. had tried e-cigarettes.
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