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Daily News on Vape Industry July 15th, 2024


2024-07-15
  1. On July 9, at the Entrepreneurs’ Meeting, participants from the Polish Ministry of Finance informed about plans to increase excise taxes on cigarettes and other tobacco products starting from January 1, 2025. According to this plan, the consumption tax on vapeswill increase by 75% by 2025.

 

  1. According to RELX’s 2022 and 2023 ESG reports, although its scientific research investment has stagnated, the number of global patents has increased. While its retail scale has shrunk, the industry’s ecology has been purified, employment opportunities have been significantly reduced, and environmental protection projects have expanded significantly.

 

  1. On July 12, Coson Technology disclosed that it has cooperated with Technocom Systems Sdn. Bhd. since 2021 to supply heat-not-burn e cigarettestructural parts, and its business volume has increased year by year. In addition, the new factory in Vietnam is expected to be put into use in July 2024, with annual revenue expected to reach 60 million yuan.

 

  1. Belgium announced that from April 1, 2025, all stores will ban the public display of tobacco and vapesin order to reduce smoking rates. The ban applies to retailers but not wholesalers, and violators will face heavy fines.

 

  1. The Brazilian police uncovered avapesmuggling case involving the vape brands ELFBAR, OXBAR, and IGNITE. The suspect may face five years in prison.

 

  1. Starting from July 11, 2024, Ukraine will ban the sale of flavored cigarettes, cigarette tobacco, vapesand their e-liquids, and the packaging of all tobacco products must carry health warnings.

 

  1. The Ministry of Health of Malaysia stated that after the Public Health Smoking Products Control Act 2024 comes into effect, the sale and display of all tobacco products through vending machines will be completely prohibited.