Walgreens to promote CBD merchandise in 1,500 shops
Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. Walgreens declined to specify which manufacturers it will carry.
“This product providing is in step with our efforts to offer a wider vary of accessible well being and wellbeing services and products to greatest meet the wants and preferences of our prospects,” Walgreens spokesman Brian Religion mentioned in an e-mail to CNBC.
Rival drugstore chain CVS launched CBD-containing topicals, together with lotions and salves, to shops in eight states earlier in March. Because the non-psychoactive hashish compound turns into one of many hottest elements in client merchandise, retailers are rigorously evaluating the market.
Shoppers are more and more inquisitive about CBD, which guarantees to assist every little thing from anxiousness to ache regardless that there’s scant proof backing up these claims. And whereas CBD derived from hemp is now authorized due to the farm invoice Congress handed late final yr, the FDA says firms nonetheless cannot add CBD to meals or promote it as a dietary complement.
The regulatory uncertainty has left some giant firms on the sidelines for now. Promoting CBD-infused magnificence and skin-care merchandise brings far much less danger, making it an apparent first step for retailers.