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Cannabis-infused beauty products are going to grab a piece of a $167 billion market

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Beauty products infused with cannabidiol (CBD) are going to grab 15% of the $167 billion skincare market in a decade, Jefferies says.

A wave of marijuana legalization has also driven the commercialization of CBD-infused beauty products, according to Jefferies."Consumers' interest in wellness, natural ingredients, medicinal benefits and the legalization of marijuana in several states/countries have catalyzed interest in CBD beauty," Stephanie Wissink, an analyst at Jefferies said in a note out Tuesday.

She added that beauty products infused with cannabidiol, or CBD, one of the most well-known of more than a hundred different phytochemicals found in cannabis — will generate $25 billion in revenue globally in a decade, representing 15% of the $167 billion skincare market.

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Cannabis, beauty products, and $167B. What can be... more beautiful?

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