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Daily News on Vape Industry October 26th, 2023

  1. In September, China’s exports of e-cigarettes to the UK were approximately US$115 million, an increase of 11.79% from the previous month and an increase of 6.71% year-on-year. The export volume was approximately 2,883 tons, an increase of 10.30% from the previous month and an increase of 36.47% year-on-year. The export unit price was US$39.9/kg, a month-on-month increase of 1.35% and a year-on-year decrease of 21.80%.


  1. The FDA stated that it has completed the draft decision to “ban menthol cigarettes and fruit-flavored cigars” and will submit it to theBudget Managemen of White House Officefor review.


  1. Italian Prime Minister Giorgio Meloni approved the draft budget bill for 2024. Starting from 2025, the price of e cigarette soldwill increase by 1% per year.


  1. The US state of Georgia has allowed local pharmacies to sell medicinal marijuana, and patients with prescriptions will be able to purchase low-dose cannabis products at local pharmacies.


  1.  Irish Prime Minister Leo Varadkar said the government would consider the possibility of banning the use of e-cigarettes in schools.


  1.  The U.S. Securities and Exchange Commission report pointed out that Bank of Montreal, Canada’s fourth largest bank, purchased 1.51 million shares of Philip Morris International, worth approximately US$148 million.