Walgreens Responds to CVS by Selling CBD Products in 1,500 Stores
First Barneys, then CVS, and now Walgreens. Major U.S retailers are hopping on the bandwagon to sell CBD products or marijuana accessories as the marijuana movement grows.
On Tuesday, Walgreens announced that it plans to sell CBD products just after the rival pharmacy store CVS had made its reveal last week. Unlike CVS, Walgreens refused to identify which brands or brand it will carry in their stores.
The states in which the products will be sold are Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois, and Indiana. The total number of Walgreens stores equates to around 1,500, almost double the amount of CVS stores.
Walgreens plans to sell CBD-infused creams, patches, and sprays. Consumers are becoming increasingly curious about the potential advantages that CBD has to offer.
A Walgreens spokesman told CNBC, “This product offering is in line with our efforts to provide a wider range of accessible health and wellbeing products and services to best meet the needs and preferences of our customers.”
CBD is one of the hottest ingredients in the cannabis market right now, with its wide range of products and growing consumers. The non-psychoactive effect allows consumers to alternatively alleviate anxiety or any pain they may be experiencing without getting high.
In all, CBD manufacturers or companies can’t make a cure all claim and stores that sell it can’t either. CBD is derived from hemp, which is now legal thanks to Congress's approval of the Farm Bill. However, CBD-infused foods or supplements can’t be sold because of the FDA. But CBD-infused beauty and skin care companies have used this loophole to their advantage and retailers are too.