Cannabis Cosmetics

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Cannabis can be used to make anything - now, it's being used in a line of cosmetics. MGC Pharmaceuticals launches an online platform for their cannabis cosmetics, now available to the European Union and other countries where cannabidiol based cosmetics are legally sold. 

The MGC Derma brand are cannabidiol based cosmetics that can be used for beauty and therapeutic application.  "The establishment of an online retail platform complements the company's existing wholesale sales channels and allows MGC Pharmaceuticals to significantly accelerate its direct-to-customer product sales strategy," the company said.

Victoria recently passed a historic legislation, making medicinal cannabis legally available to people in certain conditions.   MGC's announcement follows the legislation, while gaining 6.45 percent in shares.