Israel’s Together to sell cosmetics based on cannabis, Dead Sea minerals

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JERUSALEM (Reuters) – Israel’s Together Pharma said on Tuesday it will set up a new company with Premier Dead Sea to sell cosmetics based on cannabis and Dead Sea minerals. The firm said the products would be based on CBD, or Cannabidiol — a constitute of the cannabis plant that is used in some health products. Together said it believes that the CBD market is worth hundreds of millions of dollars. “CBD has a variety of properties that are beneficial to various diseases because of it anti-inflammatory, anti-bacterial, anti-oxidant and anti-aging properties, and its market is expected to grow 700 percent by the year 2020,” it said. The joint company will be set up in Europe, with Together holding 51 percent and Premier 49 percent. Together will provide up to 2 million euros ($2. Israel’s Together to sell cosmetics based on cannabis, Dead Sea minerals

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