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Where Beauty and Wellness are Being Significantly Disrupted by Cannabis

Baystreet.ca

Cannabis 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.

Some of the top companies benefiting from the news are The Yield Growth Corporation (CSE:BOSS)(OTCQB:BOSQF), Estee Lauder Companies Inc. (NYSE:EL), Khiron Life Sciences Corp. (TSXV:KHRN)(OTC:KHRNF), Sephora USA Inc., a subsidiary of LVMH Moet Hennessey Louis Vuitton (OTC:LVMUY), and Canopy ... Click here to view full article