The Next Cigar Boom Is Looming....

[gvarsity]

Originally Posted by icehog3

Perhaps the powers that be will realize, seeing the influx of Cuban cigars into Chicago over a two week period, the potential for tax revenue that can be generated, and might be a small push toward ending the embargo for economic gain?

Unfortunately opening Cuba is not about money it's about ideology and mobilized political groups which leads to real money as in campaign donations which trump tax revenues for most politicians. As long as Cuba is communist and the wealthy exiled Cubans are active in Republican politics it will be hard to sell much beyond limited relaxing of rules regarding Cuba. Maybe humanitarian aid and increased travel but unlikely they are going to open up to their only real export. We'll see but I would be surprised if it happened any time soon.

I think it is clear that if not a boom we are in a golden period for NC cigars. The number of new boutique brands bringing quality product with a whole variety of innovations and rediscovered traditions being released indicates real growth particularly considering the poor economy. It seems like it is more tobacco people with good product than people trying get on a trend make a quick buck with marketing like in the 90's.

I think the lack of taxation on internet purchases and the inherent dangers of states trying enforce sales tax make quality cigars much more affordable which is contributing the increase in cigar purchases. It is also unfortunately contributing to the demise of many B&M's. I don't know of a single B&M in my area that is not also selling wine & beer or something else other than tobacco besides a couple of outlet kinds of places.

[icehog3]

Originally Posted by gvarsity

Unfortunately opening Cuba is not about money it's about ideology and mobilized political groups which leads to real money as in campaign donations which trump tax revenues for most politicians. As long as Cuba is communist and the wealthy exiled Cubans are active in Republican politics it will be hard to sell much beyond limited relaxing of rules regarding Cuba. Maybe humanitarian aid and increased travel but unlikely they are going to open up to their only real export. We'll see but I would be surprised if it happened any time soon.

I think it is clear that if not a boom we are in a golden period for NC cigars. The number of new boutique brands bringing quality product with a whole variety of innovations and rediscovered traditions being released indicates real growth particularly considering the poor economy. It seems like it is more tobacco people with good product than people trying get on a trend make a quick buck with marketing like in the 90's.

I think the lack of taxation on internet purchases and the inherent dangers of states trying enforce sales tax make quality cigars much more affordable which is contributing the increase in cigar purchases. It is also unfortunately contributing to the demise of many B&M's. I don't know of a single B&M in my area that is not also selling wine & beer or something else other than tobacco besides a couple of outlet kinds of places.

Agree with you on most all of it. The "tax revenue" idea was more tongue-in-cheek than anything. We were just discussing at breakfast how powerful the expatriate lobby was, how such a small group percentage wise wields such a powerful influence.

[SNKBYT]

just saw the news clip about the O'Hare CC seizures (insert crying smiley here)

[gvarsity]

Originally Posted by icehog3

Agree with you on most all of it. The "tax revenue" idea was more tongue-in-cheek than anything. We were just discussing at breakfast how powerful the expatriate lobby was, how such a small group percentage wise wields such a powerful influence.

It is amazing. Can't be more than 10-15 thousand core expats. Shows what you can do when you have money and are well connected and very focused.

It is a crazy tight community. I spent a week in Miami in the early 90's with a buddy of mine from college who's family was part of that community. All handshakes and backroom deals. I did get to meet the elder Padron son at the Padron Little Havana factory again via the side door. Got a bunch of X000 maduros for a buck a stick after watching the torceador roll em up.