Italy gets busy taxing e-cigarette sales

|By:, SA News Editor

Italy will impose a 80.5% tax on e-cigarettes after the government comes to the conclusion it's missing out on a major revenue stream as consumers in the nation move to e-cigs from traditional tobacco products.

What to watch: The global electronic cigarette market is expected to grow to $7B in 2014 on strong consumer demand, but the future of the industry is still unsettled with governments and regulators in some key markets yet to fully weigh in.

Bloomberg report (video)

Related stocks: MO, PM, LO, RAI, BTI, ITYBY.