ITC Opens Probe Into Illicit Vape Market in US After Complaint
Summary
The US International Trade Commission (ITC) has initiated an investigation into the illicit vape market in the United States. This action follows a complaint filed by subsidiaries of Reynolds American Inc., alleging violations of regulations governing the sale of vaping devices. The ITC will determine whether these violations have contributed to the growth of a substantial illegal market, which is negatively impacting the sales of legitimate vaping products. The investigation aims to address unfair competition and ensure compliance with existing trade rules within the vaping industry.
(Source:Bloomberg)