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Daily News on Vape Industry April 17th, 2024

  1. In February 2024, China’s vapeexports to Ireland were approximately US$5.46 million, a month-on-month decrease of 6.01%, and a year-on-year increase of 88.88%; the export volume was approximately 148 tons, a month-on-month decrease of 2.69%, and a year-on-year increase of 161.66%.


  1. In 2023, disposable vapesequipped with “dual mesh coils” (two atomizing cores) and a screen gotpopular in the United States, and many vape manufacturers followed suit. However, recently, the leading US dealer platform Demand Vape has launched a disposable vape equipped with “quadra mesh coils and dual screens”.


  1. According to the announcement issued by the U.S. Food and Drug Administration on April 15, the FDA issued a marketing denial order to Shenzhen YiboTechnology Co., Ltd., prohibiting the sale of 65 of its disposable vapesnamed “MNGO Disposable Stick”, otherwise the company will face legal action from the FDA.


  1. Green Precision stated that in 2024, the company will continue to invest in new energy vehicles, power batteries, medical beauty and health, home robots, vapesand other industries newly laid out in 2023 on the basis of ensuring its original business.


  1. The British government will legislate to prohibit those born after January 1, 2009 from purchasing tobacco products, and is committed to creating the first “smoke-free generation”. At the same time, the government promised to increase financial guarantees and empower law enforcement agencies to ensure the smooth implementation of the ban. The ban is scheduled to be implemented from April 2025.


  1. Philip Morris International plans to produce smoke-free products in the Philippines to promote tobacco agriculture in the country, following an 8.8 billion pesos ($150 million) expansion of its local subsidiary’s factory in the Philippines.


  1. The Canadian government plans to reduce the excise tax burden on cannabis, sparking controversy. The cannabis industry hopes excise tax reform will ease its burden, but industry insiders say the outlook is bleak. It remains to be seen whether relevant content will be included in the budget.