CVS To Soon Sell CBD Laced Products Across 8 US States

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Sources claim that the company will be selling the cannabis products in Kentucky, Vermont, Oregon, New Mexico, Tennessee, Colorado, Indiana, Illinois and SC.

Hemp-derived CBD is federally legal in the US thanks to last year's Farm Bill, and CBD for medical consumption is legal in 46 USA states and territories.

Walgreens reportedly told news outlets on Wednesday that the company plans to sell CBD creams, patches and sprays in some 1,500 stores across nine states, and Tennessee is one of them.

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A joint guidance regarding CBD and industrial hemp was issued March 29 by the Bureau of Marijuana Regulation and the Michigan Department of Agriculture and Rural Development.

Walgreens will soon start selling cannabis-based products. Reports state that CBD, which is derived from hemp, is now legalized, given that the Congress passed the farm bill past year. Spokesman Mike DeAngelis said the pharmacy will sell CBD as "creams, sprays, roll-ons, lotions and salves", though not as edibles. Research firm Cowen has predicted the market for CBD to reach a value of $16 billion by 2025.

The CBD floodgates opened after President Donald Trump signed the Farm Bill into law in December. Manufacturers are trying their best to infuse their products with CBD, as it has gained popularity among the masses and are also popular in Hollywood culture. In a recent interviewwith Brookings Institution, outgoing FDA commissioner Scott Gottlieb said it could take several years before the agency fully legalizes CBD for use in food products and dietary supplements. The sale of CBD-based beauty & skincare products has therefore turned easier for most retailers.

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