- The U.S. vapemarket is currently facing intensified competition. The consignment model has caused huge cash flow pressure on many small and medium-sized vapecompanies, and the market position of the GEEKBAR brand is becoming increasingly prominent. Some store owners report that 90% of their sales come from the GEEKBAR brand.
- The U.S. International Trade Commission voted to launch an investigation into certain disposable vapes. The products involved in the investigation are detailed in the Commission’s investigation notice. A total of 35 defendants have been identified in this investigation.
- The well-known Britishvapebrand IVG launches its first rechargeable vape device IVG Air series. According to data released by Retail Data Partners, IVG’s market share has grown by 131% in the past six months, which can be attributed to the introduction of innovative products that challenge ELFBAR.
- The British King confirmed in his speech that the new Labor government will propose the Tobacco and vapeBill to gradually raise the age for buying tobacco and restrict the sale and marketing of vapes, but did not mention the previous government’s restrictions on disposable vapeban.
- New Zealand’s Deputy Minister of Health, Kathy Costello, has cut the excise tax on heated tobacco products by 50%, effective from July 1, but this has triggered doubts from the Ministry of Public Health.
- Starting from July 15, the Philippine State Administration of Taxation will impose a 1% withholding tax on online merchants with annual sales exceeding 500,000 pesos to ensure the fairness of e-commerce taxation. The director of the tax bureau emphasized that the new tax will not lead to an increase in product prices, and at the same time, the BIR will strengthen supervision of the vapemarket to ensure tax compliance.