CVS to Offer Cannabis Sales in Stores

CVS Health Stores To Carry CBD Products From Curaleaf Elevate

CVS Health Stores To Carry CBD Products From Curaleaf Elevate

The U.S. Food and Drug Administration opposes the decision, arguing that CBD remains a drug ingredient and is illegal to add to food and health products as a result.

CVS announced the cannabis-based products would be available at 800 stores in IN along with Alabama, California, Colorado, Illinois, Kentucky, Maryland and Tennessee.

CVS, according to the Tribune, is now selling CBD-infused products in eight different states in the US, including creams, sprays and lotions.

CVS specified that it is not selling any CBD-containing supplements or food additives.

It was just a matter of time when the major pharmacies would start picking up on CBD products.

CBD is the non-psychoactive component of cannabis and is used as a treatment for a variety of mental and physical health conditions. Previous Congress legalized CBD and its production with the Farm Bill.

More than 800 CVS stores in Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee will now offer CBD products. But tinctures and other products are sold widely.

"While hemp and hemp-derived CBD are no longer controlled substances under federal law, some state laws may be more restrictive than federal law and other states still prohibit or limit hemp", he said.

According to a new analysis by Cowen & Co. the global CBD market could grow all the way up to $16 billion by 2025.