From: NACS Online
Anticipated FDA rules likely to require expensive approval process for all vape products, leading to possible “vapocalypse.”
NEW YORK – The Wall Street Journal took a look this week at the possible ramifications for the burgeoning – and profitable – vapor business, when the FDA unveils new regulations for e-cigarette products.
According to the WSJ, within the next two months, the FDA is expected to complete rules that would require federal approval for nearly all flavored liquid nicotine juices and e-cigarette devices. Regulatory consultant SciLucent estimates that the product approval process under the new rules could cost anywhere from $2 million to $10 million for each item being regulated.