This week, a new wave of tariff increases took effect — part of the ongoing trade war escalation aiming to rebalance trade in support of domestic industries. While geopolitical headlines often feel far removed, few hit closer to home. The cannabis and vape industries, already heavily taxed and regulated, are now facing even steeper import duties on key components and final goods. For us, this means tariffs of upwards of 79% for certain products. At PAX, we design and develop products right here in the Mission District in San Francisco, California. But the reality is that many specialized components for consumer electronics, especially in the vape category, come from overseas. These tariffs hit companies hard, hurting margins in an already challenging industry. Even more importantly, they hit consumers, driving up costs and limiting access to safer, higher-quality options. Thanks to Dario Sabaghi and Forbes for sitting down to chat with Justin Tacy, VP of Marketing at PAX, to shed light on this important conversation and the potential impact on the industry and our customers. It’s yet another example of how policy decisions — even those outside of cannabis — have far-reaching consequences on this growing industry. 👉 Read more: https://lnkd.in/gHYqshk9
