The CBD Skincare Market Could be Worth $959 Million by 2024

The report explains that cannabis, with its antioxidant and anti-inflammatory effects, is disrupting the traditional beauty market and supply chain as consumer demand skyrockets for innovative natural cosmetics products.

Key findings include:

  • Smaller indie brands have driven recent developments in the CBD beauty market, as multinational companies remain wary of CBD’s complicated legal status. 
  • The global CBD skincare market is projected to rise to US$959 million by 2024.
  • Select brands are exploiting the interest surrounding cannabis-derived CBD oils to sell beauty products containing low-CBD hemp seed oil, in a practice known as “weed washing”. 
  •  Continued consumer education will be vital to ensuring the longevity of the CBD beauty market.

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