HOUSTON, TX / ACCESSWIRE / May 1, 2019 / Revenue generated from sales of CBD skin care products could grow to $645 million in 2019, according to Future Market Insights' report, CBD Skin Care Market: Global Industry Analysis and Opportunity Assessment 2019-2027.
The report also suggests that CBD skin care products will be particularly high in cosmetics.
In fact, the very healing nature of CBD is why wellness and skincare companies are just beginning to introduce products with it as a key ingredient.
Even Neiman Marcus is pushing ahead with CBD sales at some of its stores and online. Simon Property Group is partnering with Green Growth Brands to open 108 stores in its malls just in 2019. Barney's will launch "The High End."
CVS will now carry a line of CBD products in eight states, including California, Illinois, and Colorado. In fact, the drug chain will now sell CBD creams, sprays, and lotions in those states.
"We are carrying hemp-derived CBD products in select states to help meet consumer demand for alternative care options," said CVS Health Spokesperson, Mike DeAngelis.
Some of the top companies benefiting from the news are The Yield Growth Corporation (CSE: BOSS)(OTCQB: BOSQF), Green Thumb Industries Inc. (CN: GTII)(OTC: GTBIF), and CVS Health Corporation (NYSE: CVS).
The Yield Growth Corporation's (BOSS)(BOSQF) subsidiary Urban Juve just announced new U.S. retail contracts with luxury spa, wellness and specialty shops to sell its extensive, unisex range of Ayurveda-inspired, hemp root and essential oil natural skin care products. Luxury and wellness retailers will make Arizona, Florida, North Carolina and South Carolina the first States to introduce the Urban Juve brand to consumers. The first American luxury spa to carry the new and highly acclaimed Urban Juve products will be announced this month.
"We are excited to announce our new relationships for retail sales in the U.S.A.," says Penny Green, Yield Growth President & CEO. "Businesses operating in sun-filled places like Arizona and Florida are increasingly interested in our products given the unique after-sun soothing effects of the formulas offered by Urban Juve."
Since December 2018, Urban Juve has secured close to 100 retail locations across North America to carry its products and is now negotiating with top retail chains as far as Hong Kong interested in presenting the brand to a growing, global consumer base.
For More Information on The Yield Growth Corporation, Click Here.
Green Thumb Industries Inc. (GTII)(GTBIF) is a vertically integrated company that manufactures and sells a well-rounded suite of branded cannabis products including flower, concentrates, edibles, and topicals.
It also owns and operates a national chain of retail cannabis stores called RISE dispensaries. The company just acquired theFor Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products. Beboe is currently available in more than 125 retail locations in California and Colorado and via home delivery across California.
For More Information on Green Thumb Industries Inc., Click Here.
CVS Health Corporation (CVS) just started selling CBD, products, such as creams, sprays, roll-ons, lotions and salves in Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland and Tennessee. "We have partnered with CBD product manufacturers that are complying with applicable laws and that meet CVS's high standards for quality," CVS noted.
For More Information on CVS Health Corporation., Click Here.
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