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Daily News on Vape Industry January 4th, 2024

  1. In November 2023, China exportsvapesto the Philippines to approximately US$26.29 million, a month-on-month increase of 56.22% and a year-on-year increase of 249.28%.


  1. JUUL Labs investors questioned a financial transaction made by two of the company’s board members in November 2022. They claimed the deal benefited insiders to the detriment of other investors.


  1. The Thai House of Representatives has established a special committee to re-evaluate the legal framework and management measures for new tobacco. Despite the current ban on new tobacco and vapesin Thailand, these products remain widely popular in Thailand.


  1. Finland’s nicotine bag tax reform will take effect in early January 2024. This reform may keep the price of old goods unchanged, while the price of new goods increases.


  1. Spanish police destroyed criminal gangs and seized more than 57,000 vapeswith a total value of more than $540,000.


  1. The people of Guam in the United States will express their opinions on the proposal to “ban the sale of all flavors of vapeoil in stores” this Thursday (January 4).


  1. The Indonesian Ministry of Finance has confirmed that the vapetax policy will be implemented from January 1, 2024. The annual revenue is expected to reach 175 billion Indonesian rupiah (approximately US$1.128 million), accounting for 0.82% of the annual tobacco tax revenue.


  1. Florida in the United States has received large-scale support for legalizing marijuana, and some other states will also hold votes and discussions on legalization. Nationally, support for marijuana legalization remains stable at over 70%.