Ms. Linda Sampson reports
MARAPHARM VENTURES INC. RE-FORMULATES SKIN CARE LINE TO INCLUDE CBD
Marapharm Ventures Inc. has reformulated each of its 10 Maragold skin care line products to include organic, high-potency cannabidiol (CBD).
Marapharm has taken a discerning approach for the development of its Maragold products, which are positioning the company pending the legalization of CBD use in Canada.
While CBD is legal in some form in 50 U.S. states, the Canadian government has passed its recreational legalization bill, which will come into effect on July 1, 2018, which will erase the necessity to obtain prescriptions for CBD, as well as the provision of cannabis federally to its citizens for everyday use.
The first three products to be launched in the company's California retail dispensary will be Summer Rescue, an after-sun serum, and two versions of Sugar Baby, a full-body moisture oil, one for light to fair skin and one for darker skin tones.
Its formulas include a profusion of organic essential oils, rich in vitamins and natural emollients which are essential to the health of the skin and cell membranes, a high-potency full-spectrum, organic CBD oil with a CBD, CBG, CBC, CBN cannabinoid profile extracted using full plant extraction methods.
The Hemp Business Journal, estimated that the CBD market will increase to a $2.1-billion market in consumer sales by 2020 with $450-million of those sales coming from hemp-based sources. That is a 700-per-cent increase from 2016. In 2015, the market for consumer sales of hemp-derived CBD products was $90-million, plus another $112-million in marijuana-derived CBD products, which were sold through dispensaries -- bringing a total CBD market to $202-million last year.
Announced on April 9, 2018, by news release, the company will introduce organic cannabidiol health and wellness products to its first retail dispensary in Desert Hot Springs, Calif., on May 1, 2018.
"I have been involved with the Maragold process since its inception in 2015. Time has been invested in the ongoing reformulation process of the product line. Study groups who have used the products have experienced marked improvement in the rejuvenation of their skin tone, texture, increased hydration and healing," said Linda Sampson, chief executive officer.
About Marapharm Ventures Inc.
Marapharm is a publicly traded company investing in the medical and recreational cannabis space, since 2014. Marapharm has rapidly expanded to include having cultivation, production and dispensary locations in the key North American states of Washington, Nevada and California, and is seeking expansion opportunities worldwide.
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