Crackdown: Vape maker Chill Brands lost nearly a third of its value after Rishi Sunak announced a ban on disposablesShares in London-listed vaping firms took a kicking yesterday after Rishi Sunak announced a ban on disposables. Vape maker Chill Brands lost nearly a third of its value, with shares dropping 30 per cent, wiping £4.6million off its value and leaving it with a market capitalisation of just over £12million. The Prime Minister laid out plans that he hopes will stamp out the growing number of youngsters taking up the habit. Recent data suggests that the number of children vaping has tripled in the past three years with 9 per cent of 11-to-15-year-olds using the devices. Chill Brands maintained that its products, equipped with recharging ports, should not be classified as disposable.

Source: Daily Mail January 30, 2024 09:30 UTC