Tax has hurt Pennsylvania vapor store owners –

It’s been a year since the Legislature approved a 40 percent tax on wholesale vape products.

David Bruce @ETNBruce

Scottie Freeman is happier selling ice cream than vape liquid and hardware.

The Erie businessman spends most of his time at his ice cream store, Fat Lenny’s at 2408 Peach St., instead of at his vape store, the Hippie and the Hound Vapor Store and Lounge, located next door.

“I get emotional just going into that place,” Freeman said of his vape store. “I’m just so angry at how people who vape have been treated by their legislators. They have been treated like they are ATM machines.”

Freeman was referring to the 40 percent tax the Pennsylvania Legislature approved on vaping products bought from wholesalers since it took effect a year ago. Since Oct. 1, 2016, the tax has raised more than $13.7 million, according to the state Department of Revenue — and more than 125 of the state’s nearly 400 vape stores have closed, according to the American Vaping Association.

Others have remained open by slashing profit margins and negotiating

Read More Here...

This entry was posted in Vaporizer E-Cigarette Stocks News. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.