Admin Bails Out Vape Shops Amid COVID-19 Pandemic

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Admin Bails Out Vape Shops Amid COVID-19 Pandemic
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WASHINGTON, D.C. – Amid the public health crisis surrounding COVID-19, an illness that targets the lungs, the Trump administration gave $876,515 of Paycheck Protection Program (PPP) assistance to Healthier Choices Management Corp. — a company whose subsidiaries operate ten vape shops.

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Aside From Bailing Out Vape Shops, Tobacco Industry Also Gets A Helping Hand

In addition to offering financial support to shops selling e-cigarettes, which evidence suggests may have severe impacts on lung health in the short and long term, the administration also gave a hand to an industry that may not need the help. Tobacco and marijuana have proven to be largely recession-proof products, not taking huge dips in sales even in times of serious economic downturn.

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And tobacco sellers have even seen an increase in sales amid the COVID-19 crisis — even as more than 100,000 small businesses have been forced to shutter.

“It’s baffling that the Trump administration chose to bail out a company operating vape shops during a respiratory pandemic,” said Derek Martin, spokesman for Accountable.US. “As thousands of small businesses were choked out of the Paycheck Protection Program by well-connected, publicly-traded companies, the Trump administration chose to give nearly $1 million to a corporation selling recession-proof products that may damage people’s lungs.”


Accountable.US is a nonpartisan watchdog group that exposes corruption across all levels of government.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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