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Daily News on Vape Industry March 7th, 2024

  1. In December 2023, China exported approximately US$5.72 million of vapes to South Africa, a decrease of approximately 38% from the previous month and a decrease of approximately 48.08% from the same period last year; the export volume was approximately 107 tons, a decrease of 26.77% from the previous month and a decrease of 37.17% from the same period last year.


  1. In response to the fact that “IMiracle’s domestic trademark application was rejected,” a practicing lawyer who is familiar with new tobacco and intellectual property rights said that the domestic trademark registration situation of ELF BAR is “not optimistic” for IMiracle.


  1. Regarding the new vapetax plan to be implemented in the UK, British American Tobacco CEO Tadu Marrocco expressed support. He pointed out that this measure will allow the government to better control the vape market and help British American Tobacco seize market share.


  1. Philippine Finance Minister Ralph Recto is considering banning the sale of disposable vapesbecause he is worried that unregistered vapeswill bring unknown risks and that these products have not paid taxes.


  1. Northern Ireland Health Minister Robin Swann confirmed that Northern Ireland will join the British Tobacco and VapeAct and ban the sale of tobacco products to people born after 2009. This resolution has the support of the British government.


  1. On the eve of the announcement of the British fiscal budget, the new tax on vapeshas caused controversy from all walks of life. The former UK health chief expressed support, but an vapecompany called the move “politically motivated”. It is predicted that this policy can bring the government about 500 million pounds in revenue every year.


  1. A fire broke out at an vapewarehouse in Detroit, Michigan, USA, resulting in the accidental death of a 19-year-old man. The local fire department warned surrounding residents to evacuate immediately.


  1. The general manager of JTI Ukraine said that JTI is actively responding to market changes in Ukraine, working hard to increase market share, and plans to launch Ploom, a heated tobacco device, this year.