In a recent government meeting, officials expressed significant concern regarding the ongoing issue of illicit products entering the market, particularly in the e-cigarette sector. Over the past two years, the government has implemented several unprecedented measures targeting manufacturers and distributors, as well as addressing the challenges posed by imports.
One notable action highlighted was a joint operation conducted at Los Angeles International Airport (LAX) in collaboration with Customs and Border Protection. This operation resulted in the seizure of $18 million worth of illicit products, underscoring the scale of the problem and the government's commitment to tackling it.
While discussions touched on the broader implications for the e-cigarette market, specific figures regarding the total market capitalization were not immediately available, indicating a need for further analysis. The meeting reflects a proactive stance by government officials to combat the influx of illegal products and protect public health.