How to Destroy an Industry: Federal E-Cig Regulation Could Cost One Wisconsin Company $200 Million
The FDA’s draconian and arbitrary new rules could destroy the vaping industry if changes are not made quickly.
An entire industry faces extinction at the hands of impending FDA rules, putting the crushing burden of the regulatory state on full display.
Upwards of 99 percent of businesses in the decade-old e-vapor industry – also known as the vaping or e-cig industry – will likely be crushed under the weight of new FDA “deeming” regulations. However, swift action by Congress and the incoming Trump administration could save the industry and the jobs it supports.
The raft of new rules could cost one small Wisconsin business, Johnson Creek Vapor Company of Hartland, Wis., a staggering $200 million just in FDA application fees and legal costs, said Christian Berkey, the company’s CEO.
“If you want to see how regulations can destroy an entire industry, this is it,” he said.