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Category: News This Week

  • Online Retailer Acquires Wholesaler

    Online Retailer Acquires Wholesaler

    New Global Marketing, Inc., which does business as Best Cigar Prices, announced a strategic merger where Alliance Cigar will join the New Global family. Best Cigar Prices is an online retailer, established in 1997 and based in Drums, Pennsylvania, while Alliance is a wholesaler with more than 20 years in business. 

    Tom Sullivan, founder and chairman of Alliance, and Steve Kallinikos, president of Alliance, will join the leadership team as executive vice presidents and as shareholders with board representation in the combined companies. Greg Fox will continue in his leadership as president and CEO of Best Cigar Prices, Best Cigar Pub, and now Alliance.

    “This is a natural and very exciting strategic combination of our businesses,” Fox said. “We’ve known and respected each other for decades, and now we have the opportunity to grow both businesses together and to combine our best-in-class services across customer categories.”

    Financial terms of the transaction were not disclosed.

  • Maldives Warned Generational Ban Fraught with Problems

    Maldives Warned Generational Ban Fraught with Problems

    The Coalition of Asia Pacific Tobacco Harm Reduction Advocates (CAPHRA) responded to the Maldives’ proposed generational smoking ban, recognizing its public health intent but warning that prohibition without harm-reduction will likely repeat the mistakes of past tobacco control efforts. 

    The bill, submitted to Parliament in April, would prohibit tobacco sales to anyone born on or after 1 January 2007, making it the first generational smoking ban in the Asia-Pacific region. CAPHRA acknowledged the ambition behind the move, but cautioned that such prohibition, without offering safer alternatives, risks driving tobacco use underground and failing to reduce smoking rates. 

    “The Maldives’ proposal shows a willingness to try new approaches, but history tells us prohibition alone does not work,” Nancy Loucas, executive coordinator of CAPHRA, said. “When safer alternatives like vaping are banned, as in the Maldives since 2024, smokers are left with few options, and illicit markets thrive. We have seen similar outcomes in Australia and Denmark, where bans failed to reduce harm and instead fueled black markets.” 

    CAPHRA pointed to New Zealand’s abandoned generational ban and Malaysia’s stalled proposals as evidence “that such policies often create more problems than they solve.” The Maldives’ data shows a 38% increase in illicit tobacco trade since recent bans and tax hikes, while youth smoking remains high.

    “If the Maldives is serious about reducing smoking, it must look beyond age-based bans,” Loucas said. “Evidence from the UK and New Zealand demonstrates that regulated access to safer nicotine products, combined with education and support, delivers real progress. Prohibition without harm reduction simply pushes people toward unregulated and unsafe options.” 

  • Singapore’s Vape Crackdown Seized $31M in Products

    Singapore’s Vape Crackdown Seized $31M in Products

    Between January 2024 and March 2025, nearly 18,000 people were cited for possession and use of vapes in Singapore after authorities stepped up enforcement efforts, local officials said. The Health Sciences Authority (HSA) and the Ministry of Health said that e-vaporizers and related components worth more than S$41 million ($31.6 million) were seized over that span.

    Those guilty of having vape products can be fined up to S$2,000 ($1,540), while those who import or distribute can be fined up to S$10,000 ($7,700) and/or jailed for up to six months for a first offense.

    Those facing more serious charges include two people linked to an e-vaporizer syndicate case that involved more than S$5 million ($3.9 million) worth of the devices.

  • Monaco Tightens Tobacco Regs, Raises Legal Age to 18

    Monaco Tightens Tobacco Regs, Raises Legal Age to 18

    In an effort to “protect young people,” Monaco’s 18 National Council members unanimously adopted a bill that raises the age to buy tobacco products from 16 to 18, extends the number of places where smoking is banned, and bans disposable electronic devices. Bill 1104 amends Law 1346.

    Over the months, the bill, with its 14 articles, has been the subject of numerous amendments in response to several observations “testifying to a convergence of views between the institutions.”

  • Australia’s Latest Tobacco Regs Looming

    Australia’s Latest Tobacco Regs Looming

    Australian officials sent reminders to retailers that the nation’s harsh new tobacco regulations will be in full effect beginning July 1. The new regulations were announced in October 2024 and gave manufacturers five months to comply. Retailers were then given a three-month transition period to phase out old stock that will end in June.

    The new rules include banning certain flavors and ingredients that mask the taste of tobacco; using words like “smooth” or “gold” that make the product seem safer; having 20 sticks per pack and 10 packs per carton; making each cigarette the same size; and updating health warnings that will be printed on the packaging and products.

    According to the Daily Mail, cigarette prices in Australia are among the highest in the world due chiefly to heavy taxation. A standard 20-pack costs more than A$50 ($32.50), depending on the brand, with 70% of the retail price, A$35 ($22.75), going to the government as excise tax. Despite the tax increases, government revenue from tobacco dropped 39% as the tax hikes created a booming black market, with millions of Australians now buying illegal, counterfeit cigarettes sold in convenience stores. The Australian Tax Office estimates that nearly 20% of cigarettes smoked in the country come from criminal syndicates that evade taxes and sell at deep discounts.

  • U.S. Customs Seize 749 Cartons of Cigarettes from Cruisers

    U.S. Customs Seize 749 Cartons of Cigarettes from Cruisers

    CSP Daily reported that U.S. Customs and Border Protection (CBP) officers at Los Angeles/Long Beach Seaport seized nearly $60,000 worth of counterfeit cigarettes from passengers arriving on a cruise ship from Ensenada, Mexico, according to a CBP statement last week.

    On April 17, two female passengers traveling together disembarked an ocean liner arriving to Long Beach Cruise Ship Terminal and presented themselves for inspection, where CBP discovered 10 pieces of luggage full of cigarettes, including 749 cartons of illicit cigarettes.

    “Large quantities of cigarettes are considered ‘commercial,’ not personal use; therefore, an importer permit from the U.S. Alcohol and Tobacco Tax and Trade Bureau (TTB) is required,” CBP said in a statement. “In addition, tobacco product labels must meet FDA standards, such as including nicotine warnings and accurate product descriptions.”

    Although the travelers presented purchase receipts, they were unable to provide the appropriate permits to import such a quantity of tobacco products. All 749 cartons will be destroyed under CBP supervision.

  • Zimbabwe Posts Single-Day Tobacco Sales Record

    Zimbabwe Posts Single-Day Tobacco Sales Record

    Last Friday (May 9), Zimbabwe set a single-day sales record with 7.2 million kg coming off the auction floor, according to the Tobacco Industry and Marketing Board (TIMB). That day also saw a season-high price of $6.20 per kg, significantly better than last year’s best of $5.76.

     “This unprecedented volume reflects the significant progress made by farmers, most of whom have now completed curing and grading,” TIMB said.

    Despite strong sales, around 40% of the crop remains unsold, with many companies still holding substantial volumes, TIMB said. China continues to be the leading importer of Zimbabwean tobacco leaf this year, accounting for 38.8% of total exports since sales began in March.

  • Finland Seizes 10M Cigarettes in Transnational Network Case

    Finland Seizes 10M Cigarettes in Transnational Network Case

    Finnish Customs has uncovered a large-scale cigarette smuggling operation involving more than 10 million cigarettes illegally brought into the country, with unpaid import duties exceeding €3.5 million, according to the Helsinki Times. Authorities said the cigarettes were transported using regular logistics channels in a way that closely mimicked legitimate cargo operations. The shipments were ordered, collected, and stored through standard delivery procedures to conceal their illicit nature.

    “The pick-up, transport and storage of illegal goods was ordered just as in a legal delivery,” said Janne Mikkonen, the customs officer leading the investigation. “In this case, all of the imported cigarettes were brought in by the same driver, who is one of the suspects and remains in pre-trial detention.”

    The case is linked to a broader criminal investigation that began last autumn that has grown into a transnational case involving multiple suspects and law enforcement agencies. Four suspects from Baltic countries are currently in custody in Finland, and additional arrests have been made in Estonia and Latvia, where several individuals are being held in connection with the operation. Customs officials have not ruled out further arrests and say the investigation is ongoing. The operation is considered part of an organized network that exploited legal transport systems to distribute untaxed tobacco products across borders.

  • Pakistan Insists No New Taxes on Tobacco Farmers 

    Pakistan Insists No New Taxes on Tobacco Farmers 

    Pakistan’s Federal Law Minister, Azam Nazeer Tarar, said the government is committed to the promotion of agriculture and to providing all necessary facilities to farmers, and that no new regulations or taxes have been imposed on the tobacco crop or landowners in Khyber Pakhtunkhwa Province.

    Speaking in the National Assembly on Friday in response to concerns raised by Syed Waseem and Asad Qaiser regarding the tax on tobacco crop, the minister informed the House that under the leadership of Prime Minister Muhammad Shehbaz Sharif, the government believes in the development of agriculture and in supporting farmers.

    He said that two major multinational tobacco companies pay Rs 250 billion ($900 million) in taxes annually and hold a 44% market share, while local companies hold a 56% share but contribute only slightly more than 3% in taxes.

    Azam said that industries earning profits have a responsibility to contribute their fair share to the national treasury, and that government oversight begins when the crop moves into the processing phase. He said there are some proposals regarding raw tobacco and assured that the government is aware of the challenges faced by farmers.

  • Ispire Announces New CFO, Operations Savings

    Ispire Technology Inc. today announced the appointment of Jie “Jay” Yu as the new Chief Financial Officer of the company, after serving as the company’s vice president of finance since June 2023. Yu was the CFO of MTI Environmental Group from 2016 to 2018 and Luokung Technology Corp. from 2018 to 2023.

    “Jay is a well-rounded public company accountant with a strong track record of diligence and professionalism,” Michael Wang, Ispire’s co-Chief Executive Officer said. “He has excelled in his role as vice president of finance, building extensive credibility within the company and thorough knowledge of its financial and corporate structures. I look forward to working with him more closely in his new role as CFO.”

    Ispire also announced that its reduction in workforce and termination of several contractor agreements resulted in a $3.6 million savings in May 2025, and that it will look to cut an additional $6.6 million in operating expenses over the next three months, bringing the total estimated annual operating expenses cut to $10.2 million during the company’s fiscal year of 2025.