Business

CBD products go on sale at select CVS stores in eight states

CLOSE

TV Personality and businesswoman Martha Stewart is partnering with the cannabis based company, Canopy Growth to create a new line of CBD products. Buzz60’s Mercer Morrison has the story.
Buzz60

Select CVS locations in eight states are now selling CBD, a nonpsychoactive ingredient in cannabis.

Hemp-derived cannabidiol, known as CBD, will be sold in topical products including “creams, sprays, roll-ons, lotions and salves,” CVS Health spokesman Mike DeAngelis said in a statement to USA TODAY Thursday.

The eight states where the products are available are: Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland and Tennessee.

CVS Health CEO Larry Merlo discussed the company’s move in an interview Thursday on CNBC’s Mad Money with host Jim Cramer.

“Anecdotally, we’ve heard from our customers that have used those products that, gee, it’s helped with pain relief for arthritis and other ailments,” Merlo said in the CNBC interview. “We’re going to walk slowly, but we think this is something customers are going to be looking for as part of the health offering.”

But those looking for edibles won’t find them at CVS, one of the world’s largest drugstore chains.

Is cannabis coming to a mall near you?: Rolling papers and CBD products go upscale

Cannabis-infused jelly beans: Jelly Belly creator debuts new candy line

CLOSE

Beauty fans will try anything at least once.
Buzz60

“We are not selling any CBD-containing supplements or food additives,” DeAngelis said.

DeAngelis said the chain was working with “CBD product manufacturers that are complying with applicable laws and that meet CVS’s high standards for quality.”

Cannabis got a major boost in December when President Donald Trump signed off on an $867 billion Farm Bill that gave a green light for hemp to be cultivated on a large scale.

Unlike marijuana, another cannabis species, hemp has almost none of the psychoactive compounds that cause a user to get high. Now that it’s no longer labeled a controlled substance, more businesses have the opportunity to create hemp-based products, from tinctures to lotions.

Giant lobster claws: Some Costco stores selling massive lobster claws, shoppers say

Thank you! You’re almost signed up for

Keep an eye out for an email to confirm your newsletter registration.

Free candy: Reese’s drops free three-cup packs for March Madness

Contributing: Charisse Jones

Follow Kelly Tyko on Twitter: @KellyTyko

Read or Share this story: https://www.usatoday.com/story/money/2019/03/21/cbd-products-go-sale-select-cvs-stores-eight-states/3241379002/




Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close