On Nov. 15, Apple Inc. AAPL removed all vape apps from the iOS App Store. This shift is one of the latest developments in corporate and government efforts to mitigate the negative public health consequences from vaping both nicotine and cannabis.
The CDC and FDA are investigating an outbreak of vaping-associated lung injury, or EVALI.
The CDC has linked vitamin E acetate in cannabis vapes to the illnesses. Fifty-five associated deaths and 2,561 hospitalizations have been reported as of Dec. 27, according to the federal agency.
At the same time, the Trump administration is moving to ban flavored nicotine e-cigarette pods made by manufacturers such as Juul that are blamed for an increase in teen vaping.
What Investors Need To Know
The distinction between "vapes" and "dry herb vaporizers" is an important one.
"Because the word vape is shorter than vaporize, people have been using vape to describe any device that produces an aerosol," said Nima Noori, the CEO of TVape, a vaporizer retailer.
The company's newest product, the ZEUS Arc GT, is one of many products on the market that vaporizes dry cannabis herb, which is arguably a safer, more efficient way to consume cannabis versus traditional combustion.
Bringing Vaping Back To Basics
As new legislation emerges, there will be a shift in the way that people will consume their cannabis.
Consumers now understand that processed oils come with a risk, Noori told Benzinga.
"That risk exists with all oils contained in a vape pen, absent federal legalization and appropriate regulation — which thankfully Canada is spearheading, and the U.S. should consider."
The vaping industry is at a point where it's being pressured to return to the basics, Noori said — "and avoid adventurism in putting flavors meant for your mouth into your lungs."
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.