Cannabis Players Push CBD-Infused Products into Cosmetics Sector
Beauty connoisseurs may now be on the lookout for a new ingredient in their products: cannabidiol (CBD).
The CBD market has been steadily developing, with several of the big players in the industry — like Canopy Growth (NYSE:CGC,TSX:WEED), Aurora Cannabis (NYSE:ACB,TSX:ACB) and Aphria (NYSE:APHA,TSX:APHA) — developing new CBD products to add to their portfolios.
Now, more Canadian cannabis companies have been moving to create CBD-infused skincare, cosmetics and topical products for commercial sale.
On Wednesday (July 17), AgraFlora Organics (CSE:AGRA,OTC Pink:PUFXF) announced that its personal care line, Whole Hemp Health, would be distributed throughout the continental US. It is also now being sold in over 20 brick and mortar locations across Canada. With the anticipated purchase orders in Q3, the company expects the product line to sit on shelves in 100 retail locations.
The Vancouver-based cannabis company will be selling its products through its wholly-owned subsidiary,