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Walgreens Boots Alliance to sell CBD products at 1,500 stores in several US states

Expect products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana

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The CBD move follows a similar announcement from CVS earlier in March

Walgreens Boots Alliance Inc (NASDAQ:WBA) will sell cannabis-based creams, patches and sprays in roughly 1,500 stores, CNBC reported Wednesday.

The drugstore chain will sell a line of cannabidiol products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. The Deerfield, Illinois-based company did not elaborate on which brands it would carry.

READ: Walgreens 3Q earnings beat on revenue surge

The decision comes on the heels of CVS Health Corp (NYSE:CVS) announcing earlier in March that it would carry CBD-infused topicals in eight states.

Thanks to the 2018 Farm Bill, CBD derived from hemp is now legal at the federal level.

Walgreens stock gained 0.5% Wednesday to close at $62.23.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: Walgreens Boots Alliance Inc

Price: 40.72 USD

NASDAQ:WBA
Market: NASDAQ
Market Cap: $36.07 billion
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