CBD is one of the most exciting new trends in beauty and wellness since retinols.
A natural molecule found in cannabis, CBD is different from THC, the chemical that produces a “high.” A federal law passed in December made it legal in every state to make products containing hemp-derived CBD, essentially opening up space in the US market for a whole new category of products. CBD has anti-inflammatory and analgesic properties that make it an excellent addition to anti-aging skincare lines and treatments for many other conditions.
Jay Lucas, Founder and Chairman of The Lucas Group, says the health, wellness and beauty space is one of the most attractive he’s seen in all his years of investing. LB Equity, the group’s investment arm, is now investing in brands that make products with CBD and other chemicals found in the cannabis plant.
As one of the first firms investing at the intersection of beauty, wellness and cannabis, LB Equity is a major investor in Standard Dose, a digital retail platform focused on education and the sale of CBD beauty products. To hear Lucas’s insights on the CBD beauty opportunity and what criteria LB Equity uses when deciding to invest in emerging CBD brands, listen to the full episode.