Walgreens Boots Alliance to sell CBD products at 1,500 stores in several US states
Walgreens Boots Alliance Inc (NASDAQ:WBA) will sell cannabis-based creams, patches and sprays in roughly 1,500 stores, CNBC reported Wednesday.
The drugstore chain will sell a line of cannabidiol products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. The Deerfield, Illinois-based company did not elaborate on which brands it would carry.
READ: Walgreens 3Q earnings beat on revenue surge
The decision comes on the heels of CVS Health Corp (NYSE:CVS) announcing earlier in March that it would carry CBD-infused topicals in eight states.
Thanks to the 2018 Farm Bill, CBD derived from hemp is now legal at the federal level.
Walgreens stock gained 0.5% Wednesday to close at $62.23.
Contact Andrew Kessel at [email protected]
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Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/217364/walgreens-boots-alliance-to-sell-cbd-products-at-1500-stores-in-several-us-states-217364.html
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