Jefferies analyst Stephanie Wissink thinks that beauty products containing cannabis compound cannabidiol — or CBD — will generate up to $25 billion in revenue around the world over the next decade. That means a total of 15% of the $167 billion skincare market will be monopolized by cannabis-infused cosmetic products.
CBD products are already flooding the market , with items like food, beverages, topicals, pet treats and supplements seemingly turning up on every shelf, and major retailers such as Sephora jumping on the bandwagon. “From recent discussions with numerous CBD beauty brands, the pathway to market is improving ,” said Wissink.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
TheGrowthOp
TheGrowthOp Yeah you guys are way up there.