Chewy CEO says the online pet retailer isn't thinking about selling CBD [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Chewy CEO says the online pet retailer isn't thinking about selling CBD CBD has become a popular fix for pet owners But they won't be able to shop the cannabis compound at Chewy, the online pet product retailer owned by PetSmart, anytime soon. "CBD is not something that I'm thinking about immediately," Chewy CEO Sumit Singh said on CNBC's " Squawk on the Street Singh said that the e-commerce retailer would consider CBD in the future "when it's legal," adding that the company's primary focus right now is expanding its assortment of products. The Food and Drug Administration hasn't approved cannabis products for human or animal consumption yet, and there is little data to prove that its use benefits pets. Even without the 's go-ahead, sales of CBD pet products quadrupled last year to $32 million from $8 million in 2017, according to the Brightfield Group, a cannabis-focused research firm. And the group estimates that number could skyrocket to $1.16 billion in the U.S. alone by 2022. Ot
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