US vape market starts to pick up
Yesterday, I got the news from a medium and large vape manufacturer. The US vape market started to pick up, and orders from the US vape increased. Some time ago, I worked 8 hours a day from Monday to Friday without overtime. Now I am a bit busy, and my employees have overtime.
Based on the understanding, there are three reasons why the US vape market is picking up:
1. On November 8, 2019, the Centers for Disease Control and Prevention (CDC) updated the investigation progress on lung disease outbreaks, and vape finally did not need to be hacked. The CDC issued a statement saying that the outbreak of lung disease is not directly related to vape, and the evidence of lung injury all points to tetrahydrocannabinol (THC) and a potential toxin, vitamin E acetate. This has strengthened market confidence. Many vape users who have lung disease admit that they have added THC to e-liquid. Although some people do not admit it, it does not mean that they have not added THC to e-liquid.
2. Taking into account U.S. vape employment and votes, Trump set aside the ban on flavoring vape on November 4; on November 22, he invited vape companies, vape associations, medical associations, and state government officials at the White House. Start a conversation. Although the White House dialogue had no clear results, the American vape Technical Association VTA defended vape at the meeting and deepened the understanding of vape from all walks of life.
3. Today is December 3, only 20 days before Christmas. Christmas used to be the peak shopping season. Once Christmas is approaching, the vape or e-liquid manufacturers is busy flying. This year's lung disease incident and the seasoning vape ban incident have had a big impact on vape. Orders have been deeply affected, but some of the suppressed demand has been released.
However, the overall situation of the industry can not be too optimistic, the problems of backlog of inventory and decline in orders are still very serious.