CVS To Sell Cannabis-Infused Products In Maryland

Darnell Taylor
March 23, 2019

CVS Health CEO, Larry Merlo reportedly quoted stating that they have feedbacks from their customers that these products are relieving them from pain for arthritis and other ailments. CBD is derived from cannabis plant and is non-psychoactive.

"These products include topicals such as creams, sprays, roll-ons, lotions and salves".

CBD has landed at CVS.

In a statement, CVS specified that it is not selling any CBD supplements or food-related products.

Curaleaf announced its agreement with CVS during an earning call on Wednesday.

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CVS Health stores will soon sell a suite of hemp-infused products made by Curaleaf Holdings, which owns a Simsbury marijuana cultivation facility.

CVS says products are also being sold in Alabama, California, Colorado, Indiana, Kentucky, Maryland and Tennessee.

Curaleaf jumped as much as 17 percent on Thursday in Toronto, giving the company a market value of more than $2.6 billion.

The stock had already gained 41 percent this year, though it has yet to reach the level where shares were sold in an October private placement that brought the company public through a reverse takeover in Canada.

There are still some kinks to work out in the legislation, and the Federal Drug Administration continues to ban the additive's use in food and beverage products.

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