CVS stores in eight U.S. states will begin carrying CBD topicals this week, according to information released on Wednesday from Curaleaf Holdings Inc. The company announced a deal to sell products with CBD derived from hemp at 800 CVS stores during an earnings conference call with investors.
CVS is the largest pharmacy chain in the U.S. with nearly 10,000 locations. A CVS spokesman confirmed in an email to MarketWatch that the company was entering the CBD market and began selling creams, sprays, roll-ons, lotions, and salves last week.
“We have partnered with CBD product manufacturers that are complying with applicable laws and that meet CVS’s high standards for quality,” the spokesman said.
CVS stores in Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee will be selling CBD products. The company said that it would not be selling any supplements or food products with CBD.
Curaleaf CEO Joseph Lusardi said on the conference call Wednesday that the company’s products would be sold at about 800 CVS stores to start and hoped to see that number increase. Curaleaf hemp lotions and patches should be available in CVS stores by Friday and on the company’s website “soon,” he said.
Lusardi said that Curaleaf is