Cannabidiol (CBD) Infusion into Healthcare Products Industry Growing Faster Than Expected
PALM BEACH, Florida, September 13, 2018 /PRNewswire/ --MarketNewsUpdates.com News Commentary
The massive impact of CBD on the healthcare product industry continues to be widely apparent as consumers increasingly show a preference for alternative methods of medicine. A new report by the Brightfield Group estimates the CBD market is growing at a faster rate than anticipated. The market is projected to reach sales of $22 Billion by 2022, with growth happening as the result of increased investment, the evolution of distribution channels and other factors. As the market continues to grow, mainstream retailers will be eyeing federal deregulation in order to get a piece of this lucrative pie. Active companies in the Cannabis markets this week include Cannabis Strategic Ventures, Inc. (OTC:NUGS), Sugarmade, Inc. (OTCPK:SGMD), Pyramidion Technology Group, Inc. (OTCPK:PYTG), Tilray Inc. (NASDAQ:TLRY), GW Pharmaceuticals plc (NASDAQ:GWPH).
Cannabis Strategic Ventures, Inc. (OTCPK:NUGS) BREAKING NEWS: Cannabis Strategic Ventures is pleased to announce a joint venture agreement with True Promise Beauty to develop a new skincare line infused with cannabidiols (CBD). Under the terms of the agreement, Cannabis Strategic Ventures will have access to True Promise Beauty's proprietary hemp derived CBD infused formulas and products and access to established distribution channels.
"The True Promise Beauty partnership provides Cannabis Strategic Ventures deep beauty industry knowledge and a robust distribution network to compete in the bourgeoning CBD beauty industry,"
commented Simon Yu, CEO of Cannabis Strategic.
The True Promise Beauty team is led by Gail Johnson, Principal; an Emmy Nominated makeup artist, and a team of chemists with proven track records for producing
skincare products that have been featured on The Ellen DeGeneres Show, Good Day LA, the LA Times, and multiple other news outlets.
The agreement between the companies calls for the True Promise Beauty team to develop a proprietary CBD skincare line as part of Cannabis Strategic Ventures brand portfolio, with initial
distribution targeting existing distribution networks in the United States.
Yu added, "We are excited to welcome Gail and the True Promise Beauty to the Cannabis Strategic Ventures portfolio and look forward to combining our expertise and resources in the cannabis and beauty industries to create industry leading CBD Skincare products."
|Diskussion: NUGS - Partner mit Potential der Cannabisindustrie in Kalifornien|