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Daily News on Vape Industry August 30th, 2024


2024-08-30
  1. ELFBAR and LOSTMARY have launched reusable vapes to cope with the UK’s upcoming ban on disposable vapes, but analysts warn that this may increase the waste of cartridges and question the effectiveness of the recycling system.

 

  1. On August 26, the “U.S. Market New Tobacco Regulatory Policy and Compliance Development Seminar” was successfully held in Shenzhen. U.S. compliance experts and representatives of China’s leading vapecompanies discussed in depth the regulatory trends and compliance challenges in the U.S. market, shared experiences and made suggestions to help companies develop compliance in the global market.

 

  1. Relevant data showed that the global sales of open vapesreached US$7.66 billion, accounting for 36.7% of the total sales of vapes.

 

  1. The Czech Ministry of Health proposed to ban the sale of vapesfrom next year (2025) to cope with the surge in young users. However, critics worry that the ban could lead to an increase in the black market forvapes and traditional tobacco use.

 

  1. Russia will implement a new price control policy for tobacco substitutes from September 1, and the price of vapesmay increase fivefold. The new regulations will set a minimum retail price, which is expected to significantly increase consumer spending and may lead to a reduction in the use of “alternative” smoking products.