How Juul became worth $38B

Re:How Juul became worth $38B by liampronan on Sunday December 23, 2018 @10:13AM (#18746484)

"Also, it isn't tobacco that is the big driver of juul sales. Weed is."

What do you mean by this? Juul doesn't sell weed products and is hugely successful because it has made nicotine addiction easier + more accessible (which is part of what the article argues).

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Re:How Juul became worth $38B by grandmczeb on Sunday December 23, 2018 @11:24AM (#18746888)

PAX labs owns the Juul brand and also sells weed vapes (under the PAX brand.)

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Re:How Juul became worth $38B by liampronan on Sunday December 23, 2018 @12:46PM (#18747309)

Juul was spun-off from Pax (unclear to me if Pax still owns a portion of it). And Juul's nicotine is the "big driver" of Juul's sales, not weed (as the commenter above claims)

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Re:How Juul became worth $38B by grandmczeb on Sunday December 23, 2018 @01:54PM (#18747658)

I have a friend who works at a competitor and according to him PAX still owned a majority after the spinout. Although, I tried looking it up and Philip Morris just bought a 35% stake, so this may no longer be true.

> Juul's nicotine is the "big driver" of Juul's sales, not weed

I agree, just trying to clarify that (at least at one point) the company that owns Juul also sold weed vapes.

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Re:How Juul became worth $38B by liampronan on Sunday December 23, 2018 @02:45PM (#18747917)

Ah interesting to hear, thanks! Guess it would've been a pretty big ball-drop to not continue to own a piece

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