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Daily News on Vape Industry April 24th, 2024

  1. In March 2024, China’s exports of vapesto the United States were approximately US$298 million, a month-on-month increase of 64.02%, and a year-on-year increase of 17.06%; the export volume was approximately 6,881 tons, a month-on-month increase of 74.90%, and a year-on-year increase of 35.71%.


  1. The Australian Therapeutic Goods Administration (TGA) and Victoria Police seized nearly 500,000 illegal vapesin a joint operation. This is the largest number of vapesseized in a single joint operation. The estimated value of this batch of vapes is more than 15 million Australian dollars (9.68 million US dollars), and the relevant investigation is still ongoing.


  1. British American Tobacco will open a smoke-free product production factory in Hungary, which is expected to provide 450 jobs. This move will make it one of the world’s major production centers for smoke-free alternative products.


  1. Philip Morris Trinidad and Tobago (PMTT) has established a strategic alliance with local company TPM. The two companies will cooperate to promote the development of smoke-free products in the Trinidad and Tobago market.


  1. The Deputy Minister of Health of Poland said that the number of medical marijuana prescriptions has shown an “avalanche” growth, and more marijuana may need to be imported in the future, and he plans to ban the sale of disposable vapes.


  1. The state of Illinois in the United States is pushing a bill to require distributors of these products to verify whether their vapesare approved by the U.S. Food and Drug Administration (FDA), while strengthening enforcement of unregulated vapes. Require gas stations to establish a certification mechanism.


  1. After the ban on flavored vapesin the Netherlands, black market transactions were rampant. The reporter visited and found that souvenir shops still sell flavored vapesonline. The president of the Vape Association said the ban would instead encourage illegal trade.