CVS to Sell CBD Products

Daniel Fowler
March 23, 2019

CVS, according to the Tribune, is now selling CBD-infused products in eight different states in the USA, including creams, sprays and lotions.

CVS announced the cannabis-based products would be available at 800 stores in those eight states.

Products with CBD will be sold in 8 states across the US: Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland and Tennessee.

CVS did specify, though, that they will not be selling any CBD supplements or food additives in their stores.

CVS Health stores will soon sell a suite of hemp-infused products made by Curaleaf Holdings, which owns a Simsbury marijuana cultivation facility.

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But he also said the company plans to walk "slowly" with the new initiative.

"But we think this is something that customers are going to be looking for as part of the health offering", Merlo added.

The products contain the non-psychoactive component derived from the marijuana plant. However, the Food and Drug Administration has not approved CBD's use in food or beverages.

Joseph Lusardi, Curaleaf's CEO, said, "We've been having dialogue with national retailers for many months now". The Chicago Tribune is reporting that on Thursday, Curaleaf's value "jumped as much as 17%" in Toronto, Canada-which gives the company "a market value of more than $2.6 billion".

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