Sales of vapes to rise as calls grow for a special tax | The Business | ABC News скачать в хорошем качестве

Sales of vapes to rise as calls grow for a special tax | The Business | ABC News

Regulations introduced by the federal government have created a lucrative new market for vapes sold through pharmacies. The laws shut down scores of small vapes sellers across the country, by restricting the products to pharmacies only, whether they contain nicotine or not, as well as banning single-use vapes and restricting flavours. Companies are jostling for a slice of the market with millions of potential customers and an expensive product — a monthly supply of medical vapes can cost more than $300, including the device and a daily supply of nicotine liquid pods. Big tobacco owns some of the leading vape brands globally, with Philip Morris International (PMI) expecting to generate about half its revenue worldwide from vaping products by 2025. In Australia, PMI has been targeting smaller banner pharmacies with its VEEV-branded vape, with reports in 2023, it was offering 80 per cent margins in exchange for supply deals. Australia's Liber Pharmaceuticals is on track to become a dominant player with its product Nicovape Q. Chemist Warehouse is among the powerful shareholders in Liber Pharmaceuticals, which has vowed to never target the recreational market. There are calls to more heavily tax vape sales, similar to the UK and Canada, rather than just apply the goods and services tax (GST). Pharmacies have been slow to take up the sale of vapes, with only 3,500 vapes sold without a prescription in a month. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-12-1... ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on X (Twitter):   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia