HOUSTON, TX / ACCESSWIRE / January 15, 2019 / The cannabis boom has become the New Gold Rush of 2019.
Legalization in North America. Growing acceptance in the global community, as well as sizable interest from corporate America is quickly fueling a sizable boom.
Just took at the booming cannabis beauty market, for example.
"There is a great deal of room for innovation in his sector, and topicals and beauty products are expected to explode with legalization and the entry of major consumer packaged goods companies," notes market research firm, The Brightfield Group.
In fact, thanks to cannabis, profit margins for concentrates and infused products in the sector are estimated at around 32% - significantly higher than those typically realized by alcohol, soft drinks, and cigarettes, according to the Marijuana Business Factbook.
Beauty and wellness companies already benefiting include The Yield Growth Corporation (CSE: BOSS) (OTC PINK: BOSQF), Estee Lauder Companies Inc. (NYSE: EL) and Sephora USA Inc., a subsidiary of LVMH Moet Hennessey Louis Vuitton (OTC PINK: LVMUY).
The Yield Growth Corporation's (BOSS) (BOSQF)hemp-based wellness brands could very well be disruptive to several sectors, including wellness, makeup and leisure for example. For example, it just announced its second manufacturing run of 5,000 unit of its Urban Juve Lip Balm, given overwhelming demand. Its Urban Juve subsidiary is also commercializing a catalog of over 50 products, as it quickly builds its international business channels.
In addition, thanks to the 2018 U.S. Farm Bill, Urban Juve is now designing packaging and preparing for FDA registration so it can sell its hemp-based products with U.S. skin care and makeup retailers such as Sephora and Ulta Beauty, specialty grocers such as Whole Foods, wellness chains such as Planet Organic and Sobeys, and pharmacies with a focus on personal care products and cosmetics like Shoppers Drug Mart and London Drugs.
Estee Lauder (EL) is one of the biggest cosmetics companies to make the move into cannabis cosmetics, as well. In fact, its Origins company launched a face mask called, "Hello, Calm," which is infused with cannabis sativa seed oil from hemp.
According to an Origins press release, the facial mask is infused with cannabis sativa seed oil, aka hempseed oil, rather than CBD oil. Hempseed, like CBD, is non-intoxicating. Origins claims that Hello, Calm "helps to soothe the mood and de-stress the senses."
"We didn't do it before because it had negative connotations, but as more people start to understand the benefits of it - even in medicine - it's become more acceptable," said Origins Global General Manager Julie Van Ongevalle to Glossy.
For More Information on Estee Lauder Companies Inc., Click Here.
Sephora USA Inc., a subsidiary of LVMH Moet Hennessey Louis Vuitton, introduced "High Beauty," its first cannabis-infused cosmetic line. The line launched two new products called, High Expectations (a cannabis facial oil) and High Five (a cannabis facial moisturizer).
For More Information on Sephora USA Inc., Click Here.
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