PALM BEACH, Fla., June 27, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - The CBD skin care market has been steadily growing over the past few years and is projected to continue to rise in the coming years. CBD (known as cannabidiol) is the non-intoxicating compound extracted from marijuana or hemp plants. CBD is extracted in the form of powder, and is usually mixed with an various types of oils including olive, coconut, or hemp oil, to increase the effectiveness of CBD in varied applications. CBD oil based products are comprised of various types of properties including, anti-inflammatory, antioxidant, and skin soothing. The presence of such outstanding properties in one single blend make CBD oil as one of the key components in skin care and personal care products. CBD is highly effective and safe for use on every skin type; however, its use is extremely high among those struggling with inflammatory conditions, sensitivity, dryness, and acne. In view of these appealing inflammatory properties, CBD is utilized for fostering skin's natural healing process, reducing the life span of eczema flare-ups as well as breakouts. Apart from this, it contains a host of antioxidant properties that curb signs of aging while also bringing down pain due to inflammatory skin conditions.  A report from Market Research Future (MRFR) projects the CBD Skincare Products Market to touch an approximate valuation of USD 8.86 Billion by 2030. Also, the global market will continue to grow at rate of 5.50% from 2020 to 2030.  The report said: "Alarming surge in pollution levels as well as extreme UV rays that cause skin burn and blackening and sometimes even skin cancer prompts consumers to purchase proven effective beauty and skincare products infused with CBD. Increasing knowledge about the latest products that cater to a particular skin issue also enhance the sales in the market. Companies are progressively joining hands with celebrities to endorse their products, while spending considerably on advertisements to garner the consumers' attention."  Active Cannabis companies in the markets this week include Limitless X Inc. (OTCQB: BLAB), Canopy Growth Corporation (NASDAQ: CGC), Sundial Growers Inc. (NASDAQ: SNDL), Cronos Group Inc. (NASDAQ: CRON), Aurora Cannabis Inc. (NASDAQ: ACB).