| Monday, April 1, 2019 CBD in These States Means Incredible Gains for You By Greg Miller
Proof that 2019 is the "Year of CBD" continues to pour in.
And that means big profits for those health and wellness companies with leading brands and an eye towards becoming global consumer packaged goods giants.
Late last week, Walgreens announced it would begin selling CBD products in its stores.
"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," Walgreens spokesman Brian Faith said in a statement.
More to the point, this product offering is in line with the announcement Walgreens rival CVS made days before, which we reported on here.
In a true show of that rivalry, Walgreens is attempting to outpace CVS. While the initial CVS rollout covered 800 stores across eight states, Walgreens will begin carrying the products in nearly 1,500 stores across nine states.
None of this is particularly surprising. As soon as the Farm Bill passed, effectively legalizing CBD nationwide, we knew it was only a matter of time before major retailers stepped into the game.
And competition between chains is not only expected, but also healthy for the growth of the cannabis industry.
But that's not to say there's nothing surprising in these deals.
The sale of CBD through major retailers in these states is unexpected, and it signals something huge for the cannabis markets as a whole...
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