The booming market for legal marijuana is creating big opportunities for entrepreneurs catering to the market for alternative pot-based products, like high-end edibles and beauty products. That particular segment is seen by analysts as one of the fastest growing — which got a major boost after California formally legalized recreational weed.
Arcview Research estimates the legal cannabis market will soar to nearly $15 billion by 2021, with edibles and ancillary pot-products representing a big part of that boom. With that in mind, CNBC recently took a look at some luxury products carving their own niche in the market for legal weed.
The ‘Hermes’ of pot
Beboe is a California-based luxury cannabis line that some have called the “Hermes of Marijuana.” The company was founded by celebrity tattoo artist Scott Campbell and longtime fashion executive Clement Kwan, and feature key pot economy products like designer vaporizer pens, edible pastilles, and other curios expected to roll out this year.
– Read the entire article at CNBC News.