Impending Tax Policy Change Threatens E-cigarette Retailers

Market by 2FIRSTS.ai

Jan.15.2024

Impending Tax Policy Change Threatens E-cigarette Retailers

E-cigarette retailers face price hikes as the government plans to announce new taxation policies, according to betterretailing.

According to a report by betterretailing on January 12, e-cigarette retailers are facing price increases in the coming months due to the government's planned announcement of a new tax policy.

According to The Mirror, the cost of e-cigarettes could increase by at least a quarter, with specific plans set to be officially announced in the budget on March 6th. This move comes after Prime Minister Rishi Sunak revealed a plan to tackle teenage smoking. Proposed measures include imposing a tobacco ban targeted at the younger generation and limiting the flavors and appearance of e-cigarettes to reduce their appeal to children.

In response to concerns over the environment and underage smoking, the government has initiated a consultation process, which includes discussions on whether to increase the price of e-cigarettes to "reduce the number of young people using e-cigarettes." The government's response to the consultation is expected to be released in the near future.

Meanwhile, some well-known brands like Elfbar and Lost Mary have taken action by removing certain "dessert" flavors from their product lines. According to a spokesperson from Elfbar, this renaming and flavor elimination measure is aimed at curbing the appeal of e-cigarettes to children.

Overall, the report highlights the government's determination in addressing issues of youth smoking and environmental protection, while also reflecting that some brands have already started proactively adjusting their products to adapt to potential new regulations.

References:

[1] Disposable vapes may see 25% tax hike

Also Read:

[1] Joint Operation Successfully Seizes Counterfeit Tobacco and E-Cigarettes

[2] Investigation Reveals Illegal Sale of E-Cigarettes on Durham Road

[3] VPZ Opens New Store in Metrocentre to Support Smokers

#Europe #Legislation #E-cigarettes #United Kingdom #E-cigarette Taxes #E-cigarette #E-cigarettes and Tobacco #Retail store

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Teen Nicotine Use Surges in Pakistan as Flavoured Vapes Spread Rapidly

Pakistan is experiencing a sharp rise in nicotine use among teenagers, driven by widespread availability of flavoured vapes and e-cigarettes. Cheap, sweet-flavoured devices are easily accessible in major cities, and weak enforcement of age limits has enabled young users to adopt vaping at alarming rates. Activists warn that industry marketing falsely portrays e-cigarettes as “safer,” putting youth at risk of long-term addiction and serious health effects.

Nov.14 by 2FIRSTS.ai

Product | FASTA Unveils New U.S. Offering, Citing “Made in USA” Status and Texas Compliance

FASTA has launched a new disposable, the FASTA ALIEN 51K, on U.S. online channels. Retailer Mi-Pod describes the product as “assembled and filled in the U.S.” and labels it as compliant with Texas e-cigarette registration requirements. The ALIEN 51K is now available via Mi-Pod and Vaping, with a suggested retail price of about $19.99.

Nov.12 by 2FIRSTS.ai

Wisconsin Lawmakers Revive Bill to Raise Legal Age for Tobacco and Vaping Purchases to 21

Wisconsin Senate Bill 524 (SB 524) has been reintroduced to raise the legal purchasing age for tobacco and electronic nicotine products from 18 to 21, aiming to eliminate the gap between state law and the federal “Tobacco 21” standard. Some retailers in Madison have already voluntarily adopted the 21-year age limit, while the American Lung Association is urging swift legislative action.

Dec.04 by 2FIRSTS.ai

U.S. Fifth Circuit judges question FDA’s claim it has no de facto ban on flavored refillable e-cigarettes

Law360 reports that a Fifth Circuit panel expressed skepticism about the FDA’s claim that it has no de facto ban on flavored refillable e-cigarette products, noting that only six applications had been approved out of hundreds of thousands and that near-100% denials look like a ban.