Walgreens will actually sell CBD creams, spots and aerosols in nearly 1,500 shops A company executive told financial news network CNBC on in select states Wednesday.
The drugstore string will actually sell the products that are cannabis-based Colorado, Oregon, Brand New Mexico, Kentucky, Tennessee, Vermont, Sc, Illinois and Indiana. Walgreens declined to specify which brands it might carry.
“This product offering is in line with this efforts to offer a wider selection of available overall health products to most useful meet the requirements and choices of our customers,” Walgreens spokesman Brian Faith stated in a contact to CNBC.
Competing drugstore chain CVS recently announced it shall offer CBD-containing topicals, including ointments and salves, to get in eight states.
The U.S. retail marketplace for CBD is projected to swell from an estimated $2 billion a year ago to $16 billion by 2025, in accordance with a study by equity analysts at Cowen.
a key element in that forecast may be the growing number of CBD products which businesses are bringing to advertise, such as for example 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 company, Colorado Springs-based Folium Biosciences, recently announced intends to start a CBD removal and center that is processing the previous Andrews Foodservice warehouse in Pueblo western. Continue reading “Walgreens to market CBD services and products”