The Altria Group has announced that it has given up its entire minority interest in JUUL Labs, exchanging it for a non-exclusive, irrevocable global license to the company’s heated tobacco intellectual property. Altria CEO Billy Gifford released a statement saying that the exchange makes sense because JUUL is facing significant regulatory and legal challenges and uncertainties, while Altria is continuing to explore all options to compete in the e-vapor category.
Read moreThe US Food and Drug Administration (FDA) is set to release proposed new regulations for tobacco product manufacturers, including e-cigarettes, in an effort to prevent the contamination of the products and to establish guidelines for their manufacture and packaging. The regulations will also work towards ensuring public safety and compliance with federal regulations. The proposed rules will address issues such as product contamination and inconsistencies between the concentration of the e-liquid and the information on the label. The FDA plans to host a public hearing on the regulations and will consider input from stakeholders and the public for a period of 180 days.
Read moreAltria plans to buy US e-cigarette company NJOY Holdings for at least $2.75bn, according to sources cited by the Wall Street Journal. The move would diversify Altria, which sells Marlboro cigarettes in the US and has struggled to create additional revenue streams as smoking rates decline globally due to severe health risks. NJOY’s e-cigarettes, some of which can be sold in the US under Food and Drug Administration authorisation, would provide Altria with additional expertise in the sector. The purchase comes as Altria seeks to divest its stake in Juul Labs, which is preparing to file for Chapter 11 bankruptcy protection.
Read moreChinese electronic cigarette brand Elf Bar, owned by Iqiyi, faces further controversy after its Lost Mary disposable e-cigarette was found to exceed the maximum permissible nicotine limit by 80%. Tests were conducted after the Daily Mail previously found that Elf Bar’s 600 series products exceeded the legal nicotine limit by over 50%, leading to them being withdrawn from supermarkets. Last year, more than half of 11-17-year-olds attempting to use e-cigarettes reportedly used Elf Bar, despite their illegal sale to under-18s. ASH called for compliance checks for e-cigarette manufacturers and tests for the devices after finding particular concern that users were unaware of their ingredients.
Read moreBudget 2023 Measure Aims to Discourage Tobacco Consumption and Promote Public Health
In a move to discourage tobacco use, Finance Minister Lawrence Wong announced during his Budget 2023 speech that the Singapore government will increase the excise duty on all tobacco products by 15% starting from Tuesday, February 14. The excise duty, which is levied on goods manufactured in or imported into Singapore, was last raised in 2018 when it went up by 10% on cigarettes and other tobacco products.
Read moreThe German Customs has notified the local electronic cigarette association and economic operators that tobacco alternatives products, also known as e-cigarettes, which have been listed before July 1, 2022, should be re-taxed, and that all e-cigarettes held within the taxation area with invalid tax numbers, will be taxed according to the e-cigarette additional tax rate from February 13, 2023 onwards. Product owners must act quickly to comply, return used goods to a tax warehouse, have tax stamps affixed (by manufacturers, importers, or purchasers for commercial purposes), and fulfill retrospective taxation obligations. E-cigarette traders are advised to improve their retail packaging and use approved tax stamps for subsequent taxation while the tax warehouse owners must already have tax numbers to undertake all tax after-tax obligations.
Read moreThe Dutch government has recently announced a ban on flavoured e-cigarettes, making it one of several EU agencies to take this step. In this article, we will explore the reasoning behind this decision, its potential impact on the vaping industry, and what it means for manufacturers and consumers.
Read moreUK trade standard officials have seized illegal e-cigarettes, including those sold to children, and found that they lack mandatory health warnings, and contain nicotine far above the official limit. In response, 1.4 tons of these illegal products were sent for destruction. The Trade Standards Association is concerned about the increasing number of non-compliant e-cigarettes being sold and the issue of selling them to children, as this has attracted widespread public attention. While e-cigarettes could be useful to smokers looking to quit, consumers are reminded to be cautious and choose reputable e-cigarette stores.
Read moreIn a significant move towards addressing the growing use of alternative nicotine delivery systems, Senator Gustavo Moreno Hurtado has filed Bill No. 263 of 2022 before the General Secretariat of the Senate of the Republic in Colombia. The bill, titled “Regulation of Nicotine and Non-Nicotine Administration Products,” aims to establish a comprehensive legal framework for the production and commercialization of these products while prioritizing the protection of minors and non-consumers.
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