Walgreens to offer CBD items

Walgreens will actually sell CBD ointments, 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 cannabis-based items in Colorado, Oregon, Brand Brand New Mexico, Kentucky, Tennessee, Vermont, Sc, Illinois and Indiana. Walgreens declined to specify which brands it could carry.

“This product offering is in line with this efforts to give a wider selection of available overall health services and products to most useful meet the requirements and preferences of our clients,” Walgreens spokesman Brian Faith said in a message 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. market that is retail CBD is projected to swell from a projected $2 billion year that is last $16 billion by 2025, based on a study by equity analysts at Cowen. Continue reading →