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Walgreens to offer CBD services and products

Walgreens to offer CBD services and products

Walgreens will actually sell CBD ointments, spots and sprays in nearly 1,500 shops in choose states, a business executive told financial news system CNBC on Wednesday.

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

“This product offering is with in line with this efforts to deliver a wider selection of available overall health services and products to most readily useful meet the needs and choices of our clients,” Walgreens spokesman Brian Faith stated in a message to CNBC.

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

The U.S. market that is retail CBD is projected to swell from an predicted $2 billion year that is last $16 billion by 2025, in accordance with a report by equity analysts at Cowen.

a key aspect in that forecast could be the growing selection of CBD products which businesses are bringing to promote, such as for instance products, capsules, gummies, topical creams and tinctures, that are fluid extracts.

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