(Undated) - Walgreens is set to begin selling CBD products in OR and eight other states.
Walgreens is to sell CBD products in almost 1,500 of their stores across the country, the chain has confirmed. CBD derived from hemp rather than marijuana is legal in all states.
Notwithstanding the challenging regulatory environment, the mass marketing of hemp-derived CBD, now that hemp is no longer a federal controlled substance, provides a lucrative opportunity for the hemp-derived CBD supply chain - cultivators, processors, and retailers, including the major pharmacy chains.
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"Marijuana has been used to relieve pain, digestive and psychological disorders for more than 3,000 years-but the efficacy, safety and legality of the drug are still widely debated", Walgreens said on a corporate blog post about medical cannabis.
In a press release, Walgreens said the CBD products will come in topical creams, patches and sprays. The products will be available at Walgreens stores in Oregon, Colorado, Illinois, Indiana, Kentucky, New Mexico, South Carolina, Tennessee, and Vermont.
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Marihuana (legal term) or Marijuana (common term): the plant Cannabis sativa L. with delta-9-THC concentrations above 0.3 percent. Among other things, the bill legalized the production of hemp, which contains high levels of cannabidiol, or CBD. The company didn't say which stores in each state will sell the CBD products.
Not to be outdone by CVS, a direct competitor is putting the "green" in Walgreens. "Otherwise, it's hard to differentiate hype from reality in terms of determining the efficacy of CBD products". Market summary: CVS shares trading at 53.61 Dollars +0.25 (0.47%) as of March 29, 2019, at 12:53 p.m. Market summary: Walgreens shares trading at 63.15 USD +0.64 (1.02%) as of March 29, 2019, at 12:53 p.m.
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