Walgreens to start selling CBD creams, patches and sprays

Alicia Farmer
March 30, 2019

"Marijuana is high in the psychoactive chemical THC, while hemp is rich in CBD, the non-psychoactive component of cannabis", which has been touted for a number of potential health benefits, NBC reports.

The popular drugstore will the cannabis-based products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana.

Now, with guidance from the state's licensing department, CBD products will no longer be regulated like marijuana, no matter if the products are sourced from hemp or marijuana plants, as long as the THC concentration is below 0.3 percent.

Walgreens Boots Alliance plans to sell CBD creams, patches, and sprays at 1,500 Walgreens stores in nine states, the company told CNBC on Wednesday this week. Offer ends on March 31st!

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CVS, the United States' largest drug store chain, where most people restrict their shopping to the typical drug store purchase, like Doritos, nail polish, condoms, and overpriced school supplies, is now selling CBD.

"We are not selling any CBD-containing supplements or food additives", DeAngelis said, according to USA Today.

The outgoing commissioner of the US Food and Drug Administration, Scott Gottlieb, has reaffirmed his stance that it could take several years for the agency to create regulations specific to the marketing of certain CBD-infused products. According to Yahoo Finance, "The Hemp Business Journal estimates that sales generated by the hemp-CBD market will grow from $390 million in 2018, to one worth approximately $1.3 billion by 2022". In 2018, many expected that gray area to finally clear up, with the new farm bill. With the passage of the USA farm bill previous year, which in part legalized industrial hemp, many experts expect the products to begin showing up on the shelves of mass retailers like WalMart and Target.

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