Walgreens to market CBD items

Walgreens will actually sell CBD ointments, spots and sprays in nearly 1,500 shops A company executive told financial news network CNBC on in select states Wednesday.

The drugstore string will actually sell the products that are cannabis-based Colorado, Oregon, Brand Brand New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. Walgreens declined to specify which brands it might carry.

“This item providing is with in line with this efforts to give you a wider range of available overall health services and products to best meet the requirements and preferences of our customers,” Walgreens spokesman Brian Faith stated in a contact to CNBC.

Competing drugstore chain CVS recently announced it will sell CBD-containing topicals, including ointments and salves, to get in eight states.

The U.S. retail marketplace for CBD is projected to swell from a projected $2 billion a year ago to $16 billion by 2025, based on a written report by equity analysts at Cowen.

a vital aspect in that forecast may be the growing selection of CBD items that organizations are bringing to promote, such as for instance beverages, capsules, gummies, what is cbd oil topical creams and tinctures, that are fluid extracts.

Pueblo County is house to hemp grower and CBD products maker Veritas Farms. Another business, Colorado Springs-based Folium Biosciences, recently announced intends to start a CBD removal and processing center at the former Andrews Foodservice warehouse in Pueblo West.

Proponents state CBD can alleviate anxiety and pain, as well as other wellness advantages. Other industry watchers state 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 consumers, by 2025.