Walgreens will actually sell CBD ointments, spots and aerosols in nearly 1,500 shops in choose states, an organization professional told economic news community CNBC on Wednesday.
The drugstore string will actually sell the cannabis-based items in Colorado, Oregon, New Mexico, Kentucky, Tennessee, Vermont, Sc, Illinois and Indiana. Walgreens declined to specify which brands it could carry.
“This item providing is in line with this efforts to supply a wider selection of available overall health products and services to most readily useful meet the requirements and preferences of y our clients,” Walgreens spokesman Brian Faith stated in a contact to CNBC.
Competing drugstore chain CVS recently announced it will offer CBD-containing topicals, including ointments and salves, in shops in eight states.
The U.S. retail market for CBD is projected to swell from an believed $2 billion just last year to $16 billion by 2025, in accordance with a written report by equity analysts at Cowen.
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Pueblo County is home to hemp grower and CBD products maker Veritas Farms. Another business, Colorado folium that is springs-based, recently announced intends to start a CBD removal and center that is processing the previous Andrews Foodservice warehouse in Pueblo western.
Proponents state CBD can alleviate pain and anxiety, as well as other health benefits. Other industry watchers say more scientific studies are required.
Cowen analyst Vivien Azer estimates that CBD usage could grow to 10 % of U.S. adults, or just around 25 million customers, by 2025.