The Tobacco industry and Marijuana Industry is Big Business:
First of all, the tobacco industry and marijuana industry is big business. Globally, cigarette retail value in 2014 was $744 billion. That means $5.6 trillion cigarettes, to more than 1 billion smokers worldwide. Marijuana is the fastest growing industry in the United States. The tobacco industry is changing. Due to the legalization of marijuana in some states the industry is growing. The profit reports for the 2014 U.S. market were $2.7 billion. Furthermore, by 2019 the marijuana industry will reach 30$ billion as others states follow along with the legalization of marijuana. In addition, the tobacco industry and marijuana has generated big money. As a result, benefiting from a profitable market creates products and services. In conclusion, this article is dedicated to the vaporizer industry.
Vaporizers are changing the tobacco industry with a Healthy way to Mimic Smoking:
Vaporizers are products that heat up tobacco or marijuana. In addition, the vaporizer releases its active ingredient in a vapor form. Consequently, using a vaporizer is healthier than smoking. Since you don’t smoke the substance there are no toxic particles. As a result, smokers are switching over to vaporizer products to safely enjoy their substance of choice. The vaporizer has a significantly lower risk of harmful consequences. Especially relevant, you use vaporizers in a group setting. Hence, you use hookahs with a group of people. There are group vaporizers for people to enjoy for their substance of choice. Fellow smokers, who want a healthier option, choose group vaporizers.
There is a lot of Benefits to Vaping:
Most noteworthy, the vaporizer industry is growing fast. This is because vaping tobacco and marijuana is a healthier option. Furthermore; the legalization of marijuana has driven the vaporizer industry upwards. Smokers use vaporizers for tobacco to enjoy the nicotine. Therefore, you can enjoy the nicotine without the negative side effects of smoking cigarettes. Also, because smoking in public places is not acceptable. Marijuana users choose vaporizers to be discrete and because of the vaporizers high strength concentrates. Therefore, a potent high is accomplished without detection. Marijuana users choose vaporizers for their THC consumption.
Job Creation and Investments:
Two things are happening while the growth of this market occurs. Job creation and investments will thrive from the vaporizer industry. The vaporizer industry will reach $3.5 billion this year. In addition, the marijuana industry is expected to grow within 5 years. Consequently, the vaporizer industry growth will coincide with legal marijuana’s growth. As more people quit smoking demand will grow and suppliers must effectively supply the market’s consumers. Therefore, employees must be hired to handle the rapid expansion from the legalization of marijuana. For example, 600 people showed up for a job fair put on by a vaporizer device maker. This vaporizer device maker was expanding staff to accommodate for the volume. This demonstrates the real sustainable businesses being created in the vaporizer industry due to the legalization of marijuana.
The Ark View Group:
The Ark View Group is investing in the future growth of the hot vaporizer industry. Furthermore, Silicon Valley tech workers are quitting their jobs to create vaporizer startups. The tech workers ability to raise investor capital is not difficult. Because investors recognize the demand for legal marijuana, the vaporizer industry is attached to this demand. As a result, Celebrity Snoop Dogg endorses vaporizers with his own line of product. This proves that the vaporizer industry is very lucrative.
Job Creation is a Key Factor:
Innovation and job creation is happening with the legalization of marijuana. Hence, vaping is growing and becoming very popular among former smokers. Therefore, there is no reason to stifle economic productivity. Business investors recognize the demand and growth associated with the vaporizer industry. The demand is due to marijuana legalization. In conclusion, we need free enterprise to occur if real demand produces economic prosperity. The growing vaporizer industry is a great example.