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Breaking News: Passage of 2018 Farm Bill could open cannabis cosmetics industry to players like Aurora Cannabis, Khiron Life Sciences, American Premium Water Corp, and LVMH’s Sephora
Breaking News: Passage of 2018 Farm Bill could open cannabis cosmetics industry to players like Aurora Cannabis, Khiron Life Sciences, American Premium Water Corp, and LVMH’s Sephora.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nNEW YORK, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Cannagreed.com News Commentary\n The 2018 Farm Bill is “very close to passing” according to Collin Peterson, Rep D-Minnesota, and added with the recent legalization in Canada, there has been a focus on companies in the recreational and medical cannabis sector. But there has been a shift in the attitude with people’s perception of marijuana, as it’s viewed more than a recreational drug but as a wellness product. With the growing spotlight on CBD oil use for medical purposes, it may be surprising to learn that CBD is being used in beauty products as well. Scientists are discovering that CBD oil has many other uses, other than for medical purposes, and when it comes to beauty products it may be the most natural product you can use. CBD, the non-psychoactive chemical compound found in the marijuana plant, has been used by several brands in products including mascaras and moisturizers. According to Brightfield Group, a company that specializes in cannabis and CBD market research, CBD is the \"next hot, functional beauty ingredient\", that may have a similar impact on the beauty industry as shea butter and aloe. Furthermore, due to the increased interest in cannabis for medicinal, recreational and cosmetic use, the CBD industry is expected to reach an estimated value of $22 billions by 2022. Evio Beauty Group partnered with Aurora Cannabis (NYSE: ACB) to produce a line of cosmetic products infused with Cannabidiol (CBD). The partnership between Evio Beauty and Aurora aims at creating a new line of approved hemp seed oil based product formulations, as well as approved CBD based products.  Brandi Leifso, Evio Beauty Group's founder, and CEO said, \"The cannabis industry is uniquely positioned to champion more women in leadership roles. With the strong support of a dedicated partner like Aurora, we will continue to scale our female empowerment initiatives while addressing pain points in the cosmetics industry. By utilizing hemp seed oil and cannabis derivatives, we can enhance ingredient transparency, reducing the use of hurtful animal by-products and ecologically unsustainable inputs.\" Khiron Life Sciences Corp. (OTCQB: KHRNF) is the manufacturer of Kuida, the consumer brand of Khiron's Wellness unit, which brings the benefits of cannabidiol (CBD) to a...