Walgreens announced they will start stocking their shelves with CBD. Products will include strains, patches, and creams which will be offered in an estimated 1,500 stores across the United States. Walgreens’ headquarters are in Deerfield Illinois, and the pharmacy chain offers more than 9,500 locations across the nation. If this move goes over as planned, potential subsidiaries of Walgreens may also follow in their footsteps.
A Similar Recent Move by CVS
You might’ve seen a story similar to this in headlines in the recent week regarding CVS selling CBD products. CVS pharmacy recently announced that it would begin offering CBD products for consumers in an estimated 800 stores across eight states.
Walgreens will be offering CBD products to consumers in South Carolina, Indiana, Illinois, Colorado, Kentucky, Vermont, New Mexico, Tennessee, and Oregon. However, there is no word yet of what specific brands Walgreens will carry.
Brian Faith, a spokesman for Walgreens, told CNBC in an email “This product offering is in line with our efforts to provide a wider range of accessible health and well-being products and services to best meet the needs and preferences of our customers.”
The Legality Smokescreen
There’s a cloud of confusion about the legality of CBD in America. Some people believe it is illegal; some people say it is entirely legal as long as it comes from industrial hemp. While CBD from industrial hemp is legal as long as it contains 0.3% THC or less in the U.S., adding CBD to consumer products is questionable when it comes to legality.
The Food and Drug Administration along with health boards across the U.S. have warned and even reprimanded businesses and companies for adding CBD to foods and beverages. CBD is more than infusing its way into our lives; it’s infusing the economy with millions of dollars. This makes the concept of selling health and well-being products with CBD an excellent choice for companies looking to enter into the rapidly growing plant-based medicine market.