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Daily News on Vape Industry January 5th, 2024


2024-01-05
  1. In November 2023, China’s exportsvapesto South Korea to approximately US$76.05 million, a month-on-month increase of 9.79% and a year-on-year increase of 28.37%.

 

  1. In 2023, the number of vapeshops in the UK increasedby 233, and cumulative sales will exceed US$1.1 billion. The British vape industry believes that vapes play an important role in quitting smoking, helping about 50,000 smokers to quit smoking every year.

 

  1. Spanish Health Minister Monica Garcia will promote the implementation of a comprehensive anti-smoking plan in 2024, expand smoke-free areas, and regulate vapes.

 

  1. The U.S. Court of Appeals for the Fifth Circuit ruled that vapeoil companies Wages and White Lion and Vapet Asia LLC will be able to resubmit marketing applications to the U.S. Food and Drug Administration.

 

  1. British American Tobacco Kenya plans to promote the oral nicotine product Velo and has reached a consensus with the government. The company is trying to diversify its product lines amid tight regulatory and high tax pressures.

 

  1. Philip Morris International (PMI) actively responds to the crisis of declining tobacco sales by accelerating the process of smoke-free market through strategic pricing and smoke-free product research and development.

 

  1. Texas issued a notice to regulate vapesales. If you operate without a license, you will face a fine of up to $2,000 and may be criminally prosecuted.