YGC in the right place at the right time,..."China
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Posted On: 07/02/2019 9:09:23 AM
YGC in the right place at the right time,..."China is increasingly likely to become the epicenter of CBD-infused cosmetics. China is simultaneously one of the world's biggest markets for for skincare and the global leader in hemp production."
Glenn Davies, CEO of Singapore-based hemp company CannAcubed, said the majority of the CBD oil they've produced this year was destined for cosmetic products. And as Jamie Gibson—CEO of the Hong Kong-based investment firm Regent Pacific Group—said, most of China's $15 billion CBD market is going the same way.
"There's no breakdown, but I would say that the [beauty and] wellness sector will be the main driver for this growth," said Gibson.
Glenn Davies, CEO of Singapore-based hemp company CannAcubed, said the majority of the CBD oil they've produced this year was destined for cosmetic products. And as Jamie Gibson—CEO of the Hong Kong-based investment firm Regent Pacific Group—said, most of China's $15 billion CBD market is going the same way.
"There's no breakdown, but I would say that the [beauty and] wellness sector will be the main driver for this growth," said Gibson.
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