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Daily News on Vape Industry February 28th, 2024

  1. The China Trademark Network shows that the trademark “ELFBAR” applied by Imiracle (Shenzhen) Technology Co., Ltd. has been rejected. ELFBAR responded: The rejection was due to the large number of imitation and plagiarized ELFBAR trademarks on the market.


  1. In December, China’s vapeexports to Saudi Arabia were approximately US$6.6 million, a month-on-month increase of 78.13%, and a year-on-year decrease of 41.06%; the export volume was approximately 146 tons, a month-on-month increase of 98.48%, and a year-on-year decrease of 20.84%.


  1. FDA filed complaints against 20 physical retail stores in the United States for selling unauthorized ELFBAR products.


  1. Tianchang Group issued a profit warning announcement, showing that net profit in 2023 is expected to decrease by at least 60%. The main reason for the decrease is the decline in sales of vapes.


  1. The Philippine Bureau of Internal Revenue (BIR) announced that it has won a tax evasion lawsuit against the seller of the vapebrand “TapFog” and it is estimated that the civil liability amount will be approximately US$21.39 million.


  1. Scotland plans to ban disposable vapes. The British retail industry is worried that this move may contribute to the booming growth of the illegal market. Therefore, it urges the government to assess the potential impact of the ban on the market and calls for a fair treatment of the issue.


  1. German customs seized a large number of illegal disposable vapes, involving a tax loss of approximately 71,000 euros.