Indiana Vaporizer Company Suspected to Have Ulterior Motive

Indiana hasn’t legalized medical or recreational marijuana yet, but one vape company is ready when the time comes. Some lawmakers believe that this “secret investment group” has ulterior motives in mind. The investment group says simply that they’re a tobacco vape company now that plans to venture into marijuana vape products should the opportunity ever arise.

Shares of Hoosier Emerging Technologies are selling for $1,000 each, according to Indy Star. The registered owner of the company, Jim Purucker, advocated for the state’s new vaping law. One of his clients is Indiana Vapor Co., and other clients include Wine and Spirit Wholesalers of Indiana and the Indiana Motor Truck Association.

Some of those with stakes in Hoosier Emerging Technologies advocated to pass legislation to make licenses to distribute marijuana legal in both 2013 and 2014. Those attempts failed. Again, in both 2015 and 2016, the group tried to get legislation passed, this time though, it was to allow just one company to have control over the manufacturing of e-liquid for e-cigarettes.

In response to the company’s intention of entering the marijuana industry should it become legal in Indiana, the investors all had comments.

Kip Tew said, “It had to do with an opportunity to make money with this company if marijuana was ever legalized in this state.”

Rex Early said, “What I thought they were doing, as far as I know, is try to get a lock on the vapor thing.”

Mike Phillips claims that the topic of marijuana wasn’t brought to his attention.

Paul Mannweiler also claims that marijuana was not a topic of discussion.

Regardless, the company seems to have been getting its ducks in a row a bit ahead of time so that it could branch out into the marijuana industry if/when it becomes a legal industry in Indiana.