MGC Wins US Nod for Cannabis Cosmetics

Medicinal cannabis and cosmetics firm MGC Pharmaceuticals has won approval from the US regulator to sell its cannabis-based anti-ageing cosmetics in America.

MGC says approval from the US Food and Drug Administration (FDA) marks the company’s entry into the $US11 billion ($A15.32 billion) US skin care market.

The company also said it had made its first US sale, through a new distribution deal with California’s C&M CBD Holding for cannabis-based cosmetic products.

MGC is seeking other distribution partners in key US states.

– Read the entire article at Yahoo News.