WASHINGTON D.C., October 2, 2014 – The American Vaping Association (AVA), a leading advocate for the benefits of electronic cigarettes, today highlighted recent reports from Wells Fargo that demonstrate a surge in sales of e-cigarettes and a decline in sales of traditional tobacco products.
Wells Fargo estimates that e-liquid and refillable open system e-cigarettes will have $1.5 billion in 2014 sales, making them both the largest and fastest growing segment of the e-cigarette market. At the same time, Wells Fargo also reported a 3.5 percent decline in tobacco cigarette volume/consumption at U.S. convenience stores in the second quarter of 2014.
AVA President Gregory Conley offered the following statement:
“Wells Fargo recently estimated that e-cigarette sales are growing while combustible cigarette sales are speedily declining. The type of e-cigarettes that are growing fastest are vaping products that are refillable and, probably not by coincidence, these are the types of cigarettes that have the best track record of helping people kick the tobacco habit. Refillables are increasingly made by small, independent companies and are sold at mom-and-pop retail shops. These small-business owners are establishing a clear track record of selling quality products that help people break their smoking habits and, at the same time, are creating economic growth and jobs.”
You can learn more about AVA and vaping by visiting the AVA website.
About the American Vaping Association
The American Vaping Association is a nonprofit organization that advocates for fair and sensible regulation of vapor products, otherwise known as electronic cigarettes, with the goal of maximizing the number of adult smokers who use these products to quit smoking. The AVA was founded by Gregory Conley, a consumer and industry advocate with a long track record of advocating for vapor products dating back to 2010.
We are dedicated to educating the public and government officials about public health benefits offered by vapor products, which are battery-powered devices that heat a liquid nicotine or nicotine-free solution and create an inhalable vapor. The AVA is not a trade group and does not speak for any particular businesses, including our industry sponsors.