In a press release, e-cigarette company Logic patted themselves on the back for a job well done at their first industry summit. Apparently, the company got a bunch of retail types and analysts together to talk e-cigarettes. Among the topics were regulatory issues and market outlook.
LOGIC Technology Hosts First Annual Electronic Cigarette Summit“We are excited to have debuted and hosted what will become an annual event, allowing industry insiders and retailers to meet, discuss and maximize the opportunities offered within this rapidly growing category,” said Miguel Martin, President of LOGIC Technology. “This Summit serves as a great forum to inform our trade partners about new ways to reach their adult consumers.”
Participants noted that this summit, the first of its kind, was invaluable in illustrating the exponential growth already underway within the category. Attendees had the opportunity to hear an industry overview from leading Goldman Sachs analyst Judy Hong as well as a regulatory and tax update from Thomas Briant, an executive from the National Association of Tobacco Outlets.
It sort of goes to show how things are different in the retail space. Seems to me that it's a sort of every man for himself kind of environment as opposed to the small retailers who tend to band together when necessary to pull off larger events.