Wells Fargo Analyst Forecasts $400 Million In Vapor Industry Growth In 2017

Is the vapor industry growing? There can be no question about it, the industry is absolutely on the incline and according to a forecast by Bonnie Herzog, an analyst at Wells Fargo, the industry is poised to see growth this year to the tune of some $400 million. That is, without doubt, a lot of money. And meanwhile, the tobacco industry that it’s undoubtedly disrupting is on the decline. According to another forecast by Herzog, who was quoted by the Winston-Salem Journal, the tobacco industry will decline by 3.4 percent this year.

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At least one analyst is forecasting massive growth in the vapor industry this year.

Now forecasts aside, if you somehow thought that big tobacco was unaware of the decline they’re facing, think again as many leading companies in the industry have already begun to hedge their bets by investing in the other side – the vapor industry. Taking Reynolds American Inc. as an example, the tobacco giant, which British American Tobacco PLC somewhat recently purchased a $49 billion stake in, the company has opened up a subsidiary known as RJ Reynolds Vapor Company. Haven’t heard of them? They’re the same company behind the popular Vuse brand of electronic cigarettes, which is one of the leaders in the e-cig space. And they’re certainly not the only ones as Japan Tobacco International (JTI), another leader in the tobacco industry, has invested heavily into the U.S.-based vaporizer startup formerly known as Ploom, which is now known as Pax Labs. This is the same company, for those who don’t know, that’s behind the popular Pax line of portable vaporizers.

As reference, the Pax vaporizer line was spun off from Ploom and the Ploom brand and its Ploom Pods were acquired by JTI. The Pax vapes are now manufactured and sold by Pax Labs. Currently, there are three Pax vaporizers: Pax 1, Pax 2, and Pax 3. Version 1, which was originally called the Pax Vaporizer, is know known as Pax 1. It was the first in the series of Pax vaporizers – the one that started it all.

The Vuse brand currently maintains possession of approximately one-third of the U.S. e-cig market, Benzinga reported earlier this year.

What do you think, is the vaporizing industry going to surpass the smoking industry? Let us know what you think in the comments section below.

Vape Trends Infographic: United States And Global Vaping Trend Analysis

Ever wonder just how much interest there is in vaping? You’re certainly not the only one. We ourselves were also interested in seeing just how much interest folks around the United States and abroad have in the rapidly growing vape scene so we did some research and produced this vape trends infographic.

Vape Trends Infographic
This infographic illustrates just how much interest has grown in the vape scene, both in the United States and abroad. © VaporizerWire.com

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Vape Keyword Trends

In our research, we explored the trends behind a variety of search phrases (keywords) pertaining to vaping, which we explored via Google Trends – a tool that allowed us to examine just how much interest has grown over the years.

As you can see from our research, the big keyword people were searching for was “vaporizer” up until a few years ago. This was quickly replaced with searches for the keyword “vape,” a possible indicator of the masses at large adopting new terminology. As it stands, the prominent keyword is no longer vaporizer, but vape. But on social media, the prominent hashtag remains vaporizer, although this could quickly change – if it hasn’t already.

International Vaping Hot Spots

While the United States is by far the most popular place to vape, others are not close behind, according to our research. Behind the U.S. is the Philippines and next on the list is the United Kingdom (UK). Following the U.K. comes Ireland, Malaysia, Australia, and then Canada. Ranked in order of popularity in an easier to grasp format, here’s a list starting with the most popular at number one:

  1. United States (USA)
  2. Philippines
  3. United Kingdom
  4. Ireland
  5. Malaysia
  6. Australia
  7. Canada

Vaping Popularity Across The U.S.

In the U.S., the primary hot spot, according to our data, is Los Angeles, California. Following L.A. is San Francisco, California. But while the top two spots are clearly major cities in California, the rest of the top 10 most popular cities to vape in across the U.S., with the exception of one more, are not in the Golden State. At number three is Denver, Colorado, which is followed by Seattle, Washington. After that comes San Diego, California and then Austin, Texas. Following Austin is Portland, Oregon, which is trailed by New York City, New York. Next in line is a city which some may confuse for the Canadian city by the same name, Vancouver, but this Vancouver is actually located in the state of Washington. Last on the list is Chicago, Illinois. Here’s an easier to read list of the top 10 most popular U.S. cities to vape in:

  1. Los Angeles, CA
  2. San Francisco, CA
  3. Denver, CO
  4. Seattle, WA
  5. San Diego, CA
  6. Austin, TX
  7. Portland, OR
  8. New York City, NY
  9. Vancouver, WA
  10. Chicago, IL

To stay up to date on the latest trends in vaping, be sure to bookmark our site and follow us on social media! You can find us on Facebook as well as on Twitter!

Tyler Goldman Takes On Vape Industry As New Pax Labs CEO

After sales of the Pax portable vaporizer passed the one million units sold marker, its maker, Pax Labs, decided it was time for a new CEO – someone with experience in the tech sector. In steps Tyler Goldman, a man with a background in successful tech ventures.

Before replacing Pax Labs co-founder James Monsees as CEO, Goldman was the North America CEO at Deezer and before that, CEO of Buzzmedia. He’s also a founding member of a movie streaming service that was sold to Blockbuster, Movielink.

While Goldman has replaced Monsees at the helm of the company, Monsees has by no means disappeared from the company’s upper management as he’s merely shifted over to the role of Chief Product Officer (CPO), Tech Crunch reports.

Goldman, whose new role as Pax Labs CEO was announced back in August of 2016, has a lot on his plate with his new position. According to a press release issued by the vape manufacturer, his responsibilities include continuing the construction of “the company’s company’s platform to deliver premium, non-smoking experiences to fulfill unmet consumer demand.” He’s also tasked with meeting the increasing demand for the company’s premium e-cigarette, Juul (sometimes stylized “JUUL”). And if that wasn’t enough to keep him busy in his new role as the CEO of a leading vape manufacturer, he’s also tasked with expanding the company’s Pax portfolio, leveraging their technology to continue improving their products for customers of both their Pax and Juul product lines, and expanding their team to support their growth.

“Tyler has a tremendous track record in the tech industry, building premium brands by delivering products in new categories that super-serve consumers,” Monsees indicated in a statement while further iterating his confidence in Tyler.

“Tyler has a tremendous track record in the tech industry, building premium brands by delivering products in new categories that super-serve consumers (…) We have set out to do the same from day one, achieved a great deal of success in a short period of time and are confident that Tyler is the ideal executive to further accelerate our growth and lead us into our next stage.”

What do you think, will Goldman, who has over 20 years of experience leading tech companies, help steer Pax Labs in the right direction and take their products to the next level?

Indiana Vape Shops Worried New E-Liquid Regulations Might Kill Vaping Industry

In the state of Indiana, regulations governing e-liquid manufacturers kicked into effect back in July of 2015. As a result, some vape stores across the state found themselves concerned that the new regulations could kill the vaporizing industry across the state.

E-liquid, sometimes stylized “eLiquid,” is the liquid used in e-cigarettes. It is often composed of nicotine, glycerine, propylene glycol, and various flavorings.

The new regulations specifically govern companies that manufacture e-liquids for sale in the state. Such companies were, as a result of the regulations, required to be certified by a security firm before July 1, 2015.

At the time the regulations were passed by state legislators, there was only one firm, Mulhaupt’s Inc, that was certified to approve e-liquid manufacturers. As a result, many cried foul as the regulations essentially turned Mulhaupt’s into the gatekeeper – a single security firm that would decide which companies would be allowed to sell their e-liquid concoctions in the state of Indiana.

Representative Kevin Mahan (R-Hartford City), the man who authored HB 1432, was quoted by JConline as having said that lawmakers “never intended to set up a monopoly”.

“We never intended to set up a monopoly”

As of January of 2017, the number of e-juice products sold across the state dropped from hundreds to seven.

Subsequently, many consumers are traveling to neighboring states to pickup their e-juices.

A vape store manager in Kentucky, Charity Hoggard with Nice Guy Vapes, echoed this notion as she quoted by JConline as having said that the regulation is “helping us out a lot but sucks for Indiana”.

“It’s helping us out a lot but sucks for Indiana”

What do you think of the e-liquid regulations in Indiana that have turned Mulhaupt’s into the state’s e-liquid gatekeeper? Share your thoughts in the comments section below.

JTI Acquires Ploom While Pax Vaporizer Maker Changes Name To Pax Labs

The San Francisco startup Ploom, the company behind the popular line of Pax vaporizers, has changed its name. Well, not technically, but close enough. We’ll explain.

Ploom still exists, but the Ploom trademark and intellectual property pertaining to its modelTwo and its corresponding “pods” have been acquired by JTI. The Pax vaporizers on the other hand are now the property of Pax Labs. So in essence, JTI acquired Ploom, its modelTwo, and pods while the Pax vapes were spun off to a form a new corporate entity, Pax Labs.

Pax Labs founder James Monsees referred to the transaction involving Ploom and JTI as a partnership that “has afforded both parties many mutual benefits” while noting that they’re “proud” of their success with the pods product line. He added that the two companies “will profit from this fresh approach.”

“This partnership has afforded both parties many mutual benefits, and we are proud of our success with the pods product line”

As for the intent of Pax Labs, Monsees noted that the company’s focus will be “on vaporization delivery products” and the continued growth of the company.

Pax Labs History

Here’s a little history lesson for those who are unaware of the company’s origins. Pax Labs was first founded back in 2007 by a couple of graduates of Stanford’s Design Program in an attempt to reinvent the way people smoke by providing the tools necessary to create a cleaner alternative. These tools, as we’re calling them, are vaporizers, which produce vapor as opposed to smoke.

While the original Pax Vaporizer wasn’t the first product that the company put onto the shelves, it has proven to be incredibly successful in the vaporizer space. Subsequently, the company has put out not one, but three Pax vaporizers as there is now the original, which we’ll call the Pax 1, and now the Pax 2 and Pax 3 as well.

As of February of 2015, over half a million Pax units had been sold. And in June of the same year, the company announced a massive round of funding in which it raised $46.7 million.