They will soon sell CBD products from cannabis company Curaleaf, which now sells full-THC cannabis in eleven states.
The drug store chain says it will sell CBD lotions, patches, and sprays, but not dietary supplements. CivicPoint has helped inform state lawmakers and advance a bill to legalize hemp and hemp-derived cannabidiol (CBD) products. "Cannabis is good medicine, and it's time for the legislature to pass medical cannabis", Kyle said in a statement.
Walgreens made the announcement despite some uncertainty over whether the feds plan to crack down on consumer products that contain CBD.
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The aspirations of the proposal have been called radical; they've been called extreme, but mostly they're ridiculous. Voters "see through this Republican disgrace here in our Capitol", Markey countered.
The news came about a week after Walgreens competitor CVS Health Corp. began selling products with the cannabidoil at stores in eight states, including IL.
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. "This product offering is in line with our efforts to provide a wider range of accessible health and wellbeing products and services to best meet the needs and preferences of our customers".
CBD products represent an important component of the hemp industry. But the FDA considers hulled hemp seeds, hemp seed protein and hemp seed oil as safe to add to food. Research firm Cowen has predicted the market for CBD to reach a value of $16 billion by 2025. "We still get tons of questions about CBD products". With the passage of the USA farm bill previous year, which in part legalized industrial hemp, many experts expect the products to begin showing up on the shelves of mass retailers like WalMart and Target.
That growth is thanks in large part to the new Farm Bill.