The companies have agreed to develop and market cannabis-based sexual health products, a large and growing market, starting this year in California.
The article describes the California Cannabis market as an extremely profitable one with revenue that is projected to reach $3.7 billion in 2018 and rise to $5.1 billion in 2019. The U.S. sexual wellness market alone is projected to reach $8.8 billion by 2025.
“Constance Therapeutics represents an evidence-based process. Her company has been focused on producing scientifically derived cannabis products for the past 10 years — everything that goes through her process is completely vetted. The botanicals that are used are not haphazard; they’ve actually been tested for efficacy and for their ability to work well with cannabis components,” stated the Luminor Science CEO Anton Mattadeen on their recent partnership.
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