WARNING: This Product Contains Nicotine.
Nicotine is an addictive chemical.

Daily News on Vape Industry May 16th, 2024

  1. The U.S. International Trade Commission (ITC) issued an announcement stating that it has made a final ruling on Part 337 of certain disposable vapes, their components and packaging.


  1. In March 2024, the export value of vapesfrom China to Belgium was approximately US$3.26 million, a decrease of 21.54% from the previous month and a decrease of 58.39% from the same period last year; the export volume was approximately 53 tons, a decrease of 32.6% from the previous month and a decrease of 44.21% from the same period last year.


  1. The director of the U.S. FDA Tobacco Products Center said that enforcement actions against illegal sales are being escalated. The agency is developing guidance to increase fines for those selling unauthorized tobacco products, with new guidance on fines expected this summer.


  1. lspire announced its financial report for the third quarter of fiscal year 2024. Total revenue increased by 24% year-on-year to US$30 million, gross profit increased by 35% year-on-year to US$6.1 million, and North American cannabis vapehardware revenue increased by 57% to US$11.9 million.


  1. On May 15, Imperial Brands released its financial report for the six months ended March 31, 2024. The company achieved revenue of 15.1 billion pounds, a year-on-year decrease of 2.3%; calculated at fixed exchange rates, adjusted Subsequent operating profit increased by 2.8% to 1.67 billion pounds.


  1. Customs in Manila, Philippines, seized illegal cigarettes and heated tobacco products from Singapore worth 791 million Philippine pesos (US$13.71 million). The shipper and consignee will face multiple charges.