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.
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:
Cannabis, beauty products, and $167B. What can be... more beautiful?
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With CBD, Cannabis Wellness Market Goes BigSales of CBD are predicted to hit $22 billion in 3 years—and much of that projected growth is coming from CBD’s newly minted status as a health and wellness product Even agrees, Shalini_bh and we are not allowed to purchase it in South Dakota🙁 just wait till there is a federal tax on that.
Source: Forbes - 🏆 394. / 53 Read more »
With CBD, Cannabis Wellness Market Goes BigCannabidiol oil-infused products have opened up a new space for cannabis. It's double the price and half the quality of 'little' weed. ElormBeenie
Source: Forbes - 🏆 394. / 53 Read more »
Nielsen, Headset partner to study U.S. cannabis marketConsumer research services provider Nielsen Holdings Plc said on Wednesday it ha... I feel that cannabis is amazing in all aspects I've been doing it for about 12 years.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks are rising as Brexit progress and a $6.9 billion tech takeover lift the market moodUS futures and Asian stocks rose as a buy rating on Apple, a $6.9 billion takeover and progress on Brexit lifted sentiment.
Source: BusinessInsider - 🏆 729. / 51 Read more »