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Daily News on Vape Industry October 8th, 2023

  1.  In August, China’s e-cigarette exports to Canada were US$26.02 million, a month-on-month increase of 15.29%, and a year-on-year decrease of 8.78%; the export volume was 485,975 kg, a month-on-month increase of 14.74%, and a year-on-year decrease of 16.33%; the export unit price was 53.53 US dollars/kg, A month-on-month increase of 0.48%, and a year-on-year decrease of 21.59%.


  1. The US FDA fined 22 retailers for illegally selling vapebrands ELF BAR/EB Design and issued warning letters to 168 physical stores selling these products.


  1. Euromonitor International research said that the global cigarette market may drop by one-third before 2027. This phenomenon is related to the gradually strengthening of health laws and anti-smoking policies in various places and the substantial growth of risk-reducing products. Only Asia-Pacific and Latin America have The cigarette market in each region is growing.


  1. The Attorney General of Florida in the United States filed a lawsuit against the vapecompany JUUL, accusing it of falsely marketing to children and providing misleading product information.


  1. The Monaco government said it is developing a bill to ban the sale of disposable vapeswithin its territory.


  1. Malaysia’s Public Health Tobacco Products Control Bill 2023 is expected to be submitted to the House of Commons next week. Industry sources say the bill could disrupt the e-cigarette industry, which is dominated by Malays.


  1. Imperial Tobacco stated that the company’s business performance in fiscal year 2023 was in line with expectations and that it will implement an additional stock repurchase plan of 1.1 billion pounds in fiscal year 2024.


  1. Kazakhstan Financial Monitoring Agency (AFM) personnel seized e-cigarette products worth approximately 8 million tenge (approximately 120,000 yuan), including disposable vapesand e-liquid.


  1. vapecompany JUUL reached a settlement with the Spokane School District and the West Valley School District in Washington State, USA. The Spokane School District will receive a settlement of $320,000, while the amount of compensation for the West Valley School District has not yet been determined.