Medical Marijuana, Inc. the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, and its subsidiary Dixie Botanicals® have secured national news coverage in leading financial publication Benzinga.
The Aug. 20, 2019, article “Everyday CBD: Sun, Sand, And SeaBD,” discusses the market growth potential of cannabidiol (CBD) sunscreen products being sold at both e-commerce websites and retail stores and how this trend has been driven by the exponential expansion of the global CBD skincare industry. The article highlights the new Dixie Botanicals + Surface® CBD-Infused SPF50 Sunscreen and the many ways that CBD helps enhance traditional sunscreen ingredients to soothe and protect skin.
According to Arcview Market Research, the global cannabis industry is projected to grow to $57 billion by 2027 and the global CBD skincare market is expected to reach $384.9 million by 2024, a 40% increase from 2019. The sun protection market is expected to reach $24.9 billion by 2024, according to Transparency Market Research.
In the article, Medical Marijuana, Inc. CEO Dr. Stuart Titus explains, “CBD-based sunscreen is a great product because it combines SPF protection with a wonderful moisturizer. People use this out in the desert all weekend for golf and their skin still feels soft and moist at the end of the day.”
Benzinga is a leading originator of actionable financial insights for traders and investors. Its original content is syndicated to 70 partner websites such as Yahoo! Finance, MSN, CNN Money, Fox Business, MarketWatch, and more. Benzinga is the leading provider of news to the North American brokerage community.