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Daily News on Vape Industry March 14th, 2024

  1. In December 2023, China exported approximately US$6.08 million of vapesto Vietnam, a month-on-month increase of 235.20%, and a year-on-year increase of 252.49%; the export volume was approximately 130 tons, a month-on-month increase of 138.27%, and a year-on-year increase of 186.56%.


  1. Philip Morris Japan announced that it will launch new IQOS ILUMAi series devices starting from March 13. The devices feature touch screens and controllable pause functionality and include three models: ILUMAi Prime, ILUMAi and ILUMAi One.


  1. The state of Louisiana in the United States will re-implement the marketing and sales laws of vapesstarting from March 18. According to this law, all vapesthat are not approved by the FDA will not be legally sold, and merchants must remove products that are not included in the FDA-approved list.


  1. The Kentucky House of Representatives in the United States passed a bill aimed at combating the illegal sales and influx of vapesinto the market. The bill aims to remove vaping devices and other tobacco products that are not authorized by the FDA from stores in the state.


  1. The Brazilian Senate Economic Affairs Committee (CAE) postponed a vote on March 12 on a proposal to allow the sale of vapesin Brazil and ban their consumption and sale by minors. The country has banned the sale of vapessince 2009, but the decision is expected to be re-evaluated this year.


  1. British American Tobacco is launching a share buyback plan worth £700 million. At the same time, the company is selling approximately 4.5% of its 30% stake in ITC, equivalent to approximately 436.9 million shares.


  1. Many vape associations in Mexico protested against President Andres’s ban on vapes. People called for strengthening the regulation of vapes because it is an alternative method to avoid smoking.