Vapor Industry: A Key Contributor to the U.S. Economy in 2023

In 2023, the vapor industry continued to assert its significance within the U.S. economy, marking notable contributions across various economic metrics. Generating $17.59 billion in output and creating 90,740 jobs, this sector supports a broad spectrum of industries and small businesses and significantly impacts the workforce. Employees within this sector enjoyed over $5.47 billion in wages and benefits, highlighting the industry's role as a substantial employer. Additionally, vapor businesses contributed nearly $6 billion in federal, state, and local taxes, underlining their importance in supporting public services and infrastructure. This blog post delves into the economic impact of the vapor industry, drawing on the latest data to showcase its value to the American economy.

US Vape Impact Value 2023

Methodology: https://vta.guerrillaeconomics.net/res/Methodology.pdf

US Vape Economic Data Sheet 2023

See Illinois Vape Economic Impact Value Data

April 4, 2024 | View: 894 | Categories: Upper Limits Blog, Industry Pages, Press Releases, Buyers Shopping Guide, Our Company | Tags: Industry Page, FDA Regulations, FDA PMTA, US Vape Data | By: Matthieu Fortin