Cannabis beauty has become so trendy that Wall Street analysts have started treating it as a standalone category.

As beauty products laced with CBD, a non-psychoactive compound found in hemp and marijuana, continue to find their way onto the shelves of retailers including Sephora, Barneys and Neiman Marcus, analysts at Piper Jaffray are seeing further growth in this "beauty and the bong" industry.

The trend could help boost the overall CBD market, which Piper pegs at worth $50 billion to $100 billion on day.

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Yun Li ~ CNBC.com ~

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