Cannabidiol (CBD) Infused Personal Care Products Industry Becoming More Mainstream With More Consumers

PALM BEACH, Florida, September 20, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Personal Care and Healthcare products infused with cannabidiol (CBD) are rapidly becoming the product du jour. Derived from the hemp plant, a cousin to marijuana, CBD boasts a number of health and skin benefits because of its rich in fatty acids and natural emollients. When applied topically, it can even help reduce oil production and therefore has been shown to have some anti-acne and anti-inflammatory characteristics. Explosive growth in the hemp-derived CBD category that has grown from a market category that did not exist five years ago to $190 Million in sales in 2017 is poised to reach a $1.0 Billion market in 2018 led by hemp-derived CBD, food, personal care and industrial products. Hemp Business Journal estimates the U.S. hemp industry will grow to a $1.9B market by 2022 giving reason more and more are jumping into this lucrative market. Active companies in the Cannabis markets this week include Cannabis Strategic Ventures, Inc. (OTC:NUGS), Tilray Inc. (NASDAQ:TLRY), MARIJUANA COMPANY OF AMERICA INC. (OTC:MCOA), Medical Marijuana, Inc. (OTC:MJNA), CV Sciences, Inc. (OTC:CVSI).

Cannabis Strategic Ventures, Inc. (OTCPK:NUGS) BREAKING NEWS: Cannabis Strategic Ventures and True Promise Beauty announce the development of LYXR, a new line of cannabidiol (CBD)-based luxury skin, hair and body products. LYXR products are developed from a line of hemp-derived phytocannabinoids, and other natural ingredients that provide high-performing skin, hair and body topical solutions.

For LYXR's inaugural product, Cannabis Strategic Ventures and True Promise Beauty have developed a facemask, which is made from a CBD isolate. CBD isolate is believed to have anti-inflammatory, analgesic, anti-oxidant properties that helps to regenerate cells, as well as, prevent the formation of bad cells (anti-cell proliferation). Additional mask proprietary ingredients will provide hydrating and anti-aging/age prevention benefits. The LYXR product line will eventually include skin, hair and body products.

"For Cannabis Strategic Ventures, LYXR represents a tremendous opportunity to marry cannabis science with an increasing global demand for luxury personal care products," said Simon Yu, CEO, Cannabis Strategic Ventures. "More relaxed cannabis laws and an increased support for cannabis research are further legitimizing the claims surrounding CBD's healing abilities."