India is banning all e-cigarettes

[iVapeDIY]

India bans e-cigarettes over youth vaping fears - CNN

Sitharaman added that the ban would cover e-cigarette production, manufacturing, import, export, transport, sale, distribution, storage and advertisement. It includes all forms of ENDS, heat-not-burn products and e-hookah devices, according to a press release.

People who violate the ban once could face up to one year in prison or a fine of 100,000 rupees ($1,400) or both. For subsequent offenses, the penalty would be five years imprisonment and a fine of 500,000 rupees ($7,000). Storing e-cigarettes would also be punishable with up to six months in prison and a 50,000-rupee ($700) fine. ​

More links ...

• India bans vaping
• All You Didn't Know About E-Cigarettes. Nirmala Sitharaman's Explainer
• India bans e-cigarettes as vaping backlash grows

Jeez they really take 'tough on crime' stance to a new level. Don't get caught with hardware if traveling to India (or taking a connecting flight from India). Btw, that's 1.4 Billion people removed from juul and iqos market.

 

[sofarsogood]

India bans e-cigarettes over youth vaping fears - CNN

Sitharaman added that the ban would cover e-cigarette production, manufacturing, import, export, transport, sale, distribution, storage and advertisement. It includes all forms of ENDS, heat-not-burn products and e-hookah devices, according to a press release.

People who violate the ban once could face up to one year in prison or a fine of 100,000 rupees ($1,400) or both. For subsequent offenses, the penalty would be five years imprisonment and a fine of 500,000 rupees ($7,000). Storing e-cigarettes would also be punishable with up to six months in prison and a 50,000-rupee ($700) fine. ​

More links ...

• India bans vaping
• All You Didn't Know About E-Cigarettes. Nirmala Sitharaman's Explainer
• India bans e-cigarettes as vaping backlash grows

Jeez they really take 'tough on crime' stance to a new level. Don't get caught with hardware if traveling to India (or taking a connecting flight from India). Btw, that's 1.4 Billion people removed from Juul and iQOS market.

India produces a high percentage of the world's liquid nicotine. The above says no exporting of vapor products? How was liquid nicotine used before vaping? Can it still be exported?

 

[Horselady154]

This crap is enough to turn one into an anarcho-capitalist.

 

[AttyPops]

Apparently India didn't get the complicit-memo that was obviously circulated in the USA (Origins of tobacco).

So did they ban tobacco? No? Probably already expensive there.

Nearly 275 million people over 15, or 35 percent of adults, are users, although chewing tobacco -- which also causes cancer -- is more prevalent than smoking.

India is also the world's third--largest producer of tobacco, the WHO says, and tobacco farmers are an important vote bank for political parties.

According to the Associated Chambers of Commerce and Industry, an estimated 45.7 million people depend on the tobacco sector in India for their livelihood.

Tobacco is also a major Indian export, and the government holds substantial stakes, directly or indirectly, in tobacco firms including in ITC, one of India's biggest companies.

Read more at:
//economictimes.indiatimes.com/articleshow/71184172.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[iVapeDIY]

So did they ban tobacco? No? Probably already expensive there.

No tobacco ban, but high % of GDP.

 

[Riplea]

A year in prison? They have lost their minds if they ever had one to lose.

 

[440BB]

India already has a ban on smoking in all public places. The silly thing about this is that few in India smoke in the first place.

As of 2016, per Wikipedia, per capita annual number of cigarettes consumed:

China 2043
USA 1017
India 89

I don't think vaping is a thing much in India in the first place. They've had extreme tobacco rules for years. Just another destructive headline.

 

[Riplea]

Thanks for the clarification.

 

[AttyPops]

I quoted the stats in the article.

Basically, more Indians chew than smoke. But tobacco is a big player there.

 

[Rossum]

India already has a ban on smoking in all public places. The silly thing about this is that few in India smoke in the first place.

As of 2016, per Wikipedia, per capita annual number of cigarettes consumed:

China 2043
USA 1017
India 89

I don't think vaping is a thing much in India in the first place. They've had extreme tobacco rules for years. Just another destructive headline.

Per capita is low, yes. But absolute numbers are quite high, due to India being the second most populous country in the world.

 

[Tabac man]

There can't be around a million smoking related deaths a year if few people smoke. Not unless they die more than once.

 

[440BB]

Per capita is low, yes. But absolute numbers are quite high, due to India being the second most populous country in the world.

Good point!

 

[AttyPops]

Nearly 275 million people over 15, or 35 percent of adults, are users, although chewing tobacco -- which also causes cancer -- is more prevalent than smoking.

Read more at:
//economictimes.indiatimes.com/articleshow/71184172.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

35% > 15yo use tobacco. Not necessarily smoking.
Population of India: 1.339 billion (2017) or 1339 million

And you know how everything gets chalked up to tobacco-related...including heart/lung/cancer/arteries...and we all die of something.

There can't be around a million smoking related deaths a year if few people smoke. Not unless they die more than once.

 

[AttyPops]

This is an interesting article:
India Bans E-Cigarettes, Shutting Out Juul And Philip Morris⁠—For Now

Next up? (guessing) India tobacco developing its own approved HNB and vaping devices...

Mega-corporation wars.

The saga continues.

 

[iVapeDIY]

India Bans E-Cigarettes, Shutting Out Juul And Philip Morris⁠—For Now

Altria Is In Deep Trouble - Altria Group, Inc. (NYSE:MO) | Seeking Alpha

Altria (MO), the leading U.S. cigarette manufacturer, once the darling of dividend investors, has come under enormous regulatory pressure causing a massive sell-off in the stock and leaving investors guessing if this is the beginning of the end or just another brilliant long-term buying opportunity for courageous investors.​

 

[AttyPops]

Apparently time to buy....(will own the USA market at least, but they're international, so....)

 

[iVapeDIY]

Apparently time to buy....(will own the USA market at least, but they're international, so....)

MO is at $40, with 14-ish P/E (Price/Earnings). Before Juul investment MO had P/E of 8. If MO writes-off Juul and takes the hit (see link below), MO could tumble to $23 to meet P/E of 8. Momentum traders and shorts would push MO down another 50% before a 'return to mean' at $23, so $12 is probable.

I'd put a 'stink bid' at $18 and a maybe second one at $14; then sell at $27 (or 10% trailing stop loss, whichever comes first). Good luck.

Altria: JUUL Of Denial - JUUL (Private:JUUL) | Seeking Alpha

 

[Haktuspit]

I read this entire thread before I realized that this was India, not Indiana. The fact that I even thought this was possible shows how much faith I have in our local legislators.

Poor India, I feel bad for the vapers in that country.

 

[Rossum]

Altria (MO), the leading U.S. cigarette manufacturer, once the darling of dividend investors, has come under enormous regulatory pressure causing a massive sell-off in the stock and leaving investors guessing if this is the beginning of the end or just another brilliant long-term buying opportunity for courageous investors.

I'm sorry, but at over $4.00 EPS, prices in the teens would be nuts.

 

[AttyPops]

I think you guys are nuts.

Buying JUUL is genius long term. They acquire the patent on the most successful vaping device ever. They can recoup those costs over decades, when they corner the market. Of course, there's people coming out of the woodwork suing, but meh. Winning is different.

And if they do as I'm predicting at least the entire USA market is a lock, and Juul can't compete because they're owned so they contribute. Vaping, heating, whatever, BT's got the lock here.

But in India, it's a different story. Hence my post above. We'll see India-Tobacco make their own devices. Watch.