The lawsuit is one of a number filed nation wide by vapeshops and the VTA challenging restrictions announced by various states in response to the outbreak of vaping-related illnesses.
“The court finds that plaintiffs have not demonstrated a substantial likelihood of success on the merits or that the balance of hardships between the parties weighs in their favor,” according to the decision. Joseph Terry, an attorney for the vaping industry, argued before Talwani that the Massachusetts ban is overly broad and suggested it should instead target “black market products sold by drug dealers.”, both those used for nicotine and THC, the psychoactive ingredient in marijuana, which is legal in the state, in response to the nationwide outbreak in the sometimes deadly lung disease linked to vaping.
The VTA prevailed in a hearing in a New York state appeals court. The court temporarily prevented the state from enforcing a more limited ban, blocking the sale of flavored e-cigarettes, from taking effect. In Boston, Fidelity Investments’ popular Blue Chip Growth Fund has a $738 million stake in Juul, making it one of the largest bets in its $27 billion portfolio. Juul has been a strong contributor to Blue Chip Growth’s year-to-date return of 15.8%.
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