Pros:
1. Potential for high profit margins as cannabis beauty products are in high demand.
2. Ability to create innovative product lines with the incorporation of cannabis-derived ingredients.
3. Opportunity to tap into new markets with organic or natural product lines that are increasingly popular.
4. You can benefit from the growing acceptance of cannabis products and their potential therapeutic benefits.
5. Establish your business as a leader in the emerging marijuana industry by providing quality products that meet market demands.
Cons:
1. Regulations on production of cannabis-based beauty products may be more stringent than those governing other beauty products.
2. There is a risk of federal enforcement action against businesses that violate applicable laws and regulations.
3. The cost of creating, testing, and marketing a cannabis-based product line may be higher than traditional alternatives due to the increased regulation and scrutiny associated with such products.
4. It can be difficult to access reliable sources for quality cannabis-derived ingredients.
5. Consumer education is required to ensure that customers understand the potential effects of the products they purchase.