In Latin America there is an established, stable vaping market that coexists with laws banning commercial sales of vaping products. This is the case in all Latin American countries except Costa Rica and Colombia. The informal “no-regulation” environment which has served vapers and the vaping industry in Latin America—and in many Lower and Middle Income Countries (LMICs) around the world—is very different from the environment in high income countries like the United States, Canada, and most European countries.