- The UK’s upcoming ban on disposable vapeshas triggered a market transformation, retailers’ concerns have eased, and many vape brands have launched reusable alternative products to cope with the new regulations.
- According to data from the Centers for Disease Control and Prevention (CDC), about 2.1 million minors in the United States use vapes, and some new models even have built-in game consoles.
- Vapes have flooded the African market. Although countries such as Nigeria and Burkina Faso prohibit minors from using tobacco products, the tobacco laws of these countries do not explicitly mention or regulate the use of vapes.
- The Korean VapeAssociation supports the amendment to the Tobacco Business Act and advocates that synthetic nicotine be classified as tobacco to eliminate regulatory blind spots and promote reasonable tax rate adjustments.
- The Philippine Tax Bureau and the National Bureau of Investigation seized 7,920 illegal vapeswithout tax stamps, mainly FLAVA brands, with a tax amount of about US$119,000, and plan to file a lawsuit against the merchants involved.
- On August 9, CITIC Securities made a positive forecast for the global new tobacco market from June to July 2024. China’s vapeexports maintained positive growth in June 2024, up 5.9% year-on-year, and the global new tobacco market as a whole showed a positive development trend, despite potential risks such as macroeconomic and policy changes.