Well been reading so much of the same old stories bag bag CBG
Look lets all see how we enter France
The French cosmetic industry is strong and robust, one of the few sectors in which France is a global leader. The label “Made in France” remains a sign of high quality around the world. French products are sold in over 200 countries and French companies have continued to increase market shares worldwide, especially in emerging countries.
There are approximately 430 cosmetics companies in France with a total of 55,000 employees. Sephora, Marionnaud, Nocibé, and Douglas, are key players in the cosmetic industry’s distribution network. The mass distribution sectors such as department stores and pharmacies also play a significant role.
Consumers in this sector are becoming very demanding and are constantly expecting products that deliver immediate and tangible results. Because French consumers like to try new and innovative items, companies must launch new products every year. The dominance of leading French companies (particularly L’Oréal and L.V.M.H.), and the very strict government regulations make this a very difficult market. Nonetheless, there are still some market opportunities for niche innovative U.S. brands.
As of 1 February 2021,the European Union officially recognizes cannabidiol – (CBD), derived from cannabis extract or tincture or resin–among the ingredients used by the cosmeticsindustry and included in theCosIng,the reference document for cosmetic raw materials for countries in the European Union. Until now, only synthetic cannabidiol was recognized by the EU.
Recognition and inclusion in the CosIng of cannabidiol of natural origin is a fundamental step for the development of this new branch of the cosmetics industry within the European Union and was strongly backed by the EIHA, the European association for industrial hemp.So-called CBD-Beauty is a growing phenomenon all around the world. In recent years, unbridled competition, and an ever-increasing emphasis on the use of natural ingredients in cosmetics has driven manufacturers to invest in research and development efforts looking at the properties of CBD.Extracts of low-THCCannabis sativa L. have enormous potential: they improve skin conditions thanks to their antioxidant properties, restore balance where sebum production is excessive, regulate the quantity of collagen and elastin present. According to a study by Technario, published on businesswire.com this past October,the sector will grow by 31% annually over the 2020-2024 period and will be worth $3.09 billion by the end of the period.Cannabidiol is particularly prevalent in skincare products, and market research company Million Insights expects it to be worth€1.7 billion by 2026.
The main market for CBD-Beauty is currently North America, but the official recognition of Cannabidiol by the European Union will certainlyenergize the industrialization and sale of products made with CBD within the Union. This is also a significant result for Cosmoprof Worldwide Bologna, which has for years highlighted the positive effects of Cannabidiol for cosmetic purposes by hosting innovative and cutting-edge businesses.
Zess Lets say I think looking at the above I feel Management made smart move for now
I think they had France test fuzz pot a few years back if I re call Yes I know Fuzz pot was not around indeed but the creams where
In 2020, about 1,300 French producers cultivated 17,900 hectares (44,232 acres) that supplied six
hemp cooperatives; those cooperatives produced 100,000 tons of defibered straw and 17,000 tons
of seeds per year. Currently, France is the third biggest producer in the world and the top
producer in Europe. Over half of the land dedicated to hemp production in Europe is in France.
From regular and feminized cannabis seeds, to CBD seeds, Fast Seeds, Feminized Autoflowering Seeds and Regular Autoflowering seeds that produce plants capable of flowering without the change of lights at 12 hours (12 hours light / 12 hours dark),in this section you will be able to some of the best cannabis genetics from France you can find on the market today, in any type of seed!
Well we all know Grass roots has gone French here second smart move by Management
Lets see Fuzz pot about to take one hell of a international step
Can CBG pull this off
Zess come November a flop or a very smart move indeed for all us true shareholders
