The Business of Electronic Cigarettes

However, the real numbers start to show up in the youths in Canada (Health Canada, 2009). A sample conducted by Leger Marketing reveals that a shocking 60% of youths in Canada have smoked an electronic cigarette for entertainment purposes and out of curiosity to smoke "without" inhaling the marketed "harmful ingredients"; with the desire to quit smoking not even being the objective (Canadian Cancer Society, 2013). .
             The effects of electronic cigarettes are still unknown. Researchers and scientists alike have yet to come up with a conclusion on the health and safety issues regarding the use of electronic cigarettes. As of today, they are still prevalent in the markets of Canada and have no laws imposed on them.
             Primary Stakeholders.
             Nicotine/Cigarette Addicts.
             This stakeholder is definitely a primary stakeholder. The main purpose that the Electronic Cigarette was created was to target these customers and aid them in their journey towards a life without smoking. These "E-Cig" companies provide marketed "healthier methods" of quitting smoking by removing the tobacco-combustion, harmful chemicals and tar production by selling alternative to smoking; the electronic cigarette. This stakeholder will highly support the market for electronic cigarettes since a majority of addicts desires to quit smoking as a whole. These same customers will remain the first priority of the Electronic Cigarette companies, as their main focus is to help the addicts. .
             Canadian Revenue Agency (First Watchdog).
             The Canadian Revenue Agency is a department in the government that imposes taxes on sales all across Canada. This department in the government is subjected to enforce tax regulations on all purchases made within Canada. According to the governments' Food and Drugs Act, the Revenue Agency is obligated to become strict when it comes to cigarette distribution. It imposes taxes on any distribution of tobacco and nicotine, and since electronic cigarettes contain liquid nicotine, the revenue agency pays close attention to the sales of this product.