Now that the
US 2018 Farm Bill has been signed into law many hemp oil companies are looking to making giant strides into this burgeoning and lucrative marketplace. One such company is
The Yield Growth Corp. (
C.BOSS,
Forum).
The Vancouver-based company has just announced that it will soon selling its
Urban Juve hemp oil-infused personal care products to consumers in the US. The new Farm Bill removes industrial hemp from the Controlled Substances Act and opens the door for cultivation, processing, and sale & distribution of hemp-infused cannabidiol (CBD) products.
Passage of the Farm Bill comes at an opportune time for The Yield Growth subsidiary, Urban Juve Provisions Inc., which has just launched its premium Urban Juve products in Canada. Urban Juve is an Ayurveda-inspired skin care and wellness brand that rejuvenates and nourishes from within: spirit to skin. Urban Juve’s key ingredient – hemp root oil – combines with natural and pure essential oil-based formulations to create innovative, quality products.
According to a
new report by Grand View Research, the global industrial hemp market size is expected to reach US$10.6 billion in sales by 2025. The market is anticipated to expand at an annual growth rate of 14% during the forecast period.
The report went on to say that a growing population with rising disposable income are expected to “result in an increased demand for high-quality cosmetics, personal care products, protein supplements, and other health food products”.
These factors are expected to be key driving factors for the market over the projected period.
www.yieldgrowth.com
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.