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How China’s Rising Cosmetics Market for Men Could Be a Big Boost for CBD

Baystreet.ca

Once seen as a taboo for men in China, demands from younger generations have caused a recent boom in the male cosmetics market. Meanwhile, there’s also been a dramatic rise in demand from Chinese pharma groups to also bring in hemp-based products that contain cannabidiol (CBD), such as those currently being marketed in North America by The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Green Growth Brands (CSE:GGB) (OTC:GGBXF), Organigram Holdings (NASDAQ:OGI)(TSX.V:OGI), Aurora Cannabis (NYSE:ACB)(TSX:ACB), and Charlotte’s Web (CSE:CWEB).

According to a report from Alibaba Group Holdings, sales of male skincare products in China designed increased between 51-114%, from a variety of forms including cleansers, facial masks, cosmetics, and lotions and creams. Combining CBD into the mix could eventually open the door for producers such as The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF) that recently announced a deal for the global rights to 8 cannabis product topical formulas for men, with Antler Retail that includes hair pomade, beard oil, shaving cream, deodorant and ... Click here to view full article