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Vape Pen Products Contribute More Than Half of Cigarette Shop Profits

Vape Pen Products Contribute More Than Half of Cigarette Shop Profits Creator: Billy Schuerman, Billy Schuerman | Credit: The Virginian-Pilot

According to Newport Daily Press, in recent years, the number of tobacco shops and vape pen shops in Virginia are increasing quickly. And more than half of their profits come from vape pen products.

The number of vape pen stores are increasing very quick in Virginia in the past 5 years.

According to reports, there are more than 20 vape shops in Newport News, Virginia. Most of them start open after 2021. In addition, there are 28 vape shops in Hampton, 21 of them opened after 2020. Moreover, there are 29 vape shops in Norfolk, 9 of them opened after 2021.

The vape pen products have some advantages in help people quit smoking and far away from tobacco.

The report quotes data from the U.S. Centers for Disease Control and Prevention (CDC) pointing out that the use of traditional cigarettes has dropped significantly in recent years. Currently, only 11.5% of Americans smoke, comparing with 21% in 2005, which is significantly lower. At the same time, vape pen products play an important role in bridging this gap. More and more people are accepting vape products. Moreover, the vape products usage percent are highest among young people. Obviously, young people has more interest with vape products than traditional tobacco cigarettes.

The legalization of marijuana in Virginia also promote more and more vape stores open on the street.

The report also reveals that the owners of local vape pen products stores said there is another important reason for them to open a vape store. That is to be able to sell marijuana products in the future. It is reported that Virginia legalize marijuana in 2021, sales licenses will begin to be issued in July this year, and actual sales will start in 2024.

Vape pen products contribute more than half of the profit for these stores. And it is the future trend. Therefore, more and more cigarettes stores and vape stores are selling vape products. Since the actual sales will start in 2024, there will be more and more vape stores in the future.