Walgreens will actually sell CBD ointments, patches and aerosols in nearly 1,500 shops A company executive told financial news network CNBC on in select states Wednesday.
The drugstore cannabis oil string will actually sell the products that are cannabis-based Colorado, Oregon, New Mexico, Kentucky, Tennessee, Vermont, Sc, Illinois and Indiana. Walgreens declined to specify which brands it can carry.
“This item providing is in line with your efforts to present a wider array of accessible health and wellbeing products and services to meet that is best the requirements and choices of y our customers,” Walgreens spokesman Brian Faith stated in a contact to CNBC.
Competing drugstore chain CVS recently announced it will offer CBD-containing topicals, including creams and salves, in stores in eight states.
The U.S. retail market for CBD is projected to swell from a projected $2 billion a year ago to $16 billion by 2025, relating to a report by equity analysts at Cowen.
a vital element in that forecast may be the growing number of CBD products that organizations are bringing to advertise, such as for instance products, capsules, gummies, topical creams and tinctures, that are liquid extracts.
Pueblo County is home to hemp grower and CBD products maker Veritas Farms. Another business, Colorado folium that is springs-based, recently announced intends to start a CBD extraction and processing center at the previous Andrews Foodservice warehouse in Pueblo western. (more…)