CBD coming to Walgreens — HEALTH ALERT

CBD coming to Walgreens — HEALTH ALERT

CVS Health is already selling CBD products in some states, USA Today reports. Walgreens Boots Alliance plans to sell CBD creams, patches, and sprays at 1,500 Walgreens stores in nine states, the company told CNBC on Wednesday this week.

"After a thorough review and analysis, we will be offering certain products containing Cannabidiol (CBD) in almost 1,500 Walgreens stores in select states", Walgreens spokesman Brian Faith said in a statement.

CBD, the chemical found in hemp and marijuana plants, is showing up in shampoos, lattes, body oils, gummy bears and dog treats. The Farm Bill in 2014 legalized hemp, a cannabis crop with no psychoactive properties that can be used to produce CBD. Market research firm Brightfield Group projects that CBD product sales will reach $22 billion by 2022. CVS would soon be collaborating with a company that would test their CBD topical products and ensure its safety before they make it to the drug stores.

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"I hope that as these CBD products become more available and more convenient, it reduces the stigma for medical cannabis in Tennessee, especially in our legislature".

Walgreens will sell CBD products in the following states: Indiana, Colorado, Illinois, Kentucky, New Mexico, Oregon, South Carolina, Tennessee, and Vermont. Industrial hemp produces a very low amount of CBD and thus the process of growing and harvesting CBD from hemp is an expensive process. The sale of CBD-based beauty & skincare products has therefore turned easier for most retailers.

Malls are also getting in on the CBD action. With Walgreens and CVS jumping into the CBD market, this could mean that there is going to be a fight as the CBD debate grows more heated.

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