Gemini Group Global Corp (GMNI)

[trueblue24]

I work in this industry and there is a lot of government regulations that have or will take effect after the elections especially in California.

For instance, the age to buy vapor products changed; you have to be 21 currently. Take a look at prop 56. I'm thinking GMNI is waiting on a PR after this proposition passes or not...

Keep in mind, I don't know how this effects Las Vegas, their other location.

A growing number of cities have banned flavored nicotine, which comes in more than a thousand combinations of concentrations and flavors: Blackberry, Watermelon and Apple Crisp, just to name a few. Five states so far have imposed additional taxes on e-cigarettes or vapor products.

“We have been under attack,” said Tony Doan, who owns two liquid nicotine manufacturing facilities in the San Jose area. “They are making it impossible to stay in business and provide this alternative product. Passively, what they are doing is banning us.”

Prop. 56 increases taxes on cigarettes by $2, moving it from one of the lowest tobacco taxes in the country to one of the highest, and imposes new taxes on liquid nicotine products.

While the $2 tax increase will certainly hit smokers in the wallet, it will be even greater for vapers. That’s because the proposition would levy a 68 percent tax on liquid nicotine—turning a $15-$20 bottle of juice into a $40 to $50 bottle.