Changes in the tobacco market
Vape is an electronic product that imitates cigarettes. It heats the solution containing nicotine and evaporates into an aerosol. After the user inhales it, it can produce smoke, taste and feeling similar to cigarettes. Vapes are both in use and taste. It is the product closest to cigarettes, so vapes are also regarded as the most competitive product of traditional tobacco.
Although vapes have huge market potential, their development road is tortuous. The most important impact on the vape market is the government’s regulatory policies. In March this year, the Ministry of Industry and Information Technology and the State Tobacco Monopoly After the draft of the "Regulations for the Implementation of the Tobacco Monopoly Law of the People's Republic of China", everyone has already understood the fact that vapes are included in tobacco control, just waiting for the policy to be officially implemented.
Sure enough, on November 26, the State Council issued a decision on amending the "Regulations for the Implementation of the Tobacco Monopoly Law of the People's Republic of China." In order to strengthen the supervision of new tobacco products such as vapes, the State Council has decided to amend the "Regulations for the Implementation of the Tobacco Monopoly Law of the People’s Republic of China" as follows: add an article as Article 65: Regulations are implemented." With the continuous improvement of the Chinese vape market, the market in the country of origin of vapes in the world will usher in tremendous changes.
Traditional cigarettes are monopolized by the state, and the monopoly license system is implemented. Therefore, as soon as the above decision was made, the once-hot vape was regarded as subject to the strictest supervision in history. However, there are different voices in the industry. One view is that this means that the winter of vapes is approaching in the short term. Another view is that this move is beneficial to the long-term development of the industry. In any case, the revision of the tobacco monopoly law is the biggest change in domestic vapes. It is also a major change in the domestic tobacco market. The tobacco market has changed from a single traditional tobacco to a new type of tobacco including vapes. This revision of the regulations is the largest and most critical revision in recent decades. Electronic cigarettes will not continue to develop disorderly in the future, but will enter the era of tobacco product supervision where production and sales must be strictly controlled.
The inclusion of vapes in the tobacco monopoly will support the benefits or obstacles of the vape market. What is positive is that vapes will enter an orderly and legal development stage after being officially included in the supervision. In the long run, It is conducive to the development of the vape industry. People who feel that they are hindering the development of vapes believe that after the inclusion of tobacco monopoly, the tax and threshold of vapes will be greatly increased, which hinders the development of vapes from the cost point of view. However, since the fact of being included in tobacco regulation cannot be changed, what is needed is to change oneself. One is to meet the regulatory requirements and obtain the relevant license. The other is to improve the user experience of the product so that you can stand out from the competition and get better. Many users.
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