HOUSTON, TX / ACCESSWIRE / April 18, 2019 / The world is quickly recognizing the benefits of cannabis.
So, it comes as no surprise that more Americans are in favor of its legalization for recreational, and most importantly, it's medicinal and wellness benefits.
For example, the demand for CBD-based grooming products for men is expanding.
According to Forbes, $6.9 billion was spent in the U.S. on men's grooming products last year, and men's skin care product sales grew by 11%, making it the fastest growing segment of the skin care market.
Better, according to three recent surveys, Americans are overwhelmingly in favor of legalization. According to The General Social Survey conducted by NORC at the University of Chicago, 61% of those surveyed support legalization.
A Gallup survey found that up to 66% of Americans are in favor of legalization. In addition, a Pew survey found that 62% of Americans want to see cannabis legalization in the country, as compared to just 57% in 2015.
Some of the top companies benefiting from the news are The Yield Growth Corporation (CSE: BOSS)(OTCQB: BOSQF), Charlotte's Web Holdings Inc. (CN: CWEB)(OTC: CWBHF), and Curaleaf Holdings Inc. (CN: CURA)(OTC: CURLF).
The Yield Growth Corporation's (BOSS)(BOSQF) Urban Juve subsidiary is developing products exclusively for men. Featuring amber and tobacco, the new products being developed include beard oil, hair gel, aftershave moisturizer, shaving cream, sex balm and four colognes.
"We have had great response from men using the Urban Juve products, which inspired us to formulate products specifically for men," says Bhavna Solecki, Director of Product & Content at Urban Juve. "We incorporatedamber and tobacco essential oils, not only for their luxe, masculine fragrance notes, but also for their Ayurvedic properties."
The essential oil derived from amber is one of the oldest in the world and has become a popular ingredient in many perfumes, and for its Ayurvedic benefits. For example, it is known to calm the mind, rejuvenate tired-looking skin, and strengthen the appearance of hair follicles. Amber also has analgesic properties and works as an aphrodisiac. Tobacco has also been used in various forms for thousands of years, often with other herbs for ritualistic purposes, healing and purification ceremonies.
For More Information on The Yield Growth Corporation, Click Here.
Charlotte's Web Holdings Inc.'s (CWEB)(CWBHF) Everyday Plus hemp oil for example is used by the NFL's Jake Plummer, according to Men's Health to address chronic pain.
In addition, "Charlotte's Web is one of only a few hemp CBD producers capable of supplying large volumes of high-quality hemp extract from its own supply chain that can meet significantly increasing market demand. As the category and brand leader, our goal is to increase our market share and with this bountiful harvest we are able to satisfy our customer demands for 2019 and beyond," noted Hess Moallem, President and CEO.
For More Information on Charlotte's Web Holdings Inc., Click Here.
Curaleaf Holdings Inc. (CURA)(CURLF)just announced that CVS will carry its line of CBD products. "We've been having dialogue with national retailers for many months now," Curaleaf CEO Joseph Lusardi said, as quoted by Bloomberg. "All large retailers are figuring out their hemp strategy and will address that in 2019 because there is such a huge product demand."
For More Information on Curaleaf Holdings Inc.,Click Here.
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