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There is no end to the woes of Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIGD), which continued to drop in the last trading session. The e-cigarette maker suffered another setback after a new study showed higher use of e-cigs among teenagers, forcing health practitioners to demand stricter controls. A new research that surveyed nearly 16,000 teenagers in between the age 14-17 showed that one out of five respondents tried e-cigarettes.

Teenagers’ use

The analysis further revealed that 5% of teenagers, who had never smoked also tried e-cigarettes. Rest 50% of the respondents were already smokers while 67% categorized themselves as light smokers. Being touted as free of side effects, e-cigarettes have caught the attention of many smokers lately. A little research has gone into studying possible health hazards of e-cigs. One of research author, Mark Bellis told BBC News that e-cigarettes consist concentrate of highly addictive substance, which could negatively impact the lung tissues and cells. He said that steps must be taken to protect the younger generation.

Ban in view of health hazards

Though there is no age bar set for the purchase of e-cigarettes but the government has hinted that it may soon ban the sale of e-cigarettes to those under age 18. During the last summer, the World Health Organization had asked to bar the use of e-cigarettes indoors. The study comes on the heels of another report published last month, when Scientists from John Hopkins University provided evidence that e-cigarettes ‘vaping’ increases the risk of contracting pneumonia or flu.

All these studies could hurt the future of e-cigarettes and its makers like Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIGD), as despite being a recent innovation, e-cigs have seen unprecedented growth in the market. The threat scared the stock of Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIGD) that settled at $0.665 and recorded an average volume of 1.66 million shares.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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