CBD Continues to Accrue Credibility as Major Pharmacies Begin to Offer Products
PYXUS INTL INC (PYX)
Company Research
Source: PR Newswire
NEW YORK, April 1, 2019 /PRNewswire/ -- Recently, Walgreens Boot Alliance decided to add cannabidiol, or CBD-based products to its stores following CVS Health in the addition. The two pharmaceutical chains plan to sell various CBD health products such as creams, patches, and sprays. Walgreens plans to sell such products in 1,500 store locations across nine different states. The decision to add CBD products to their stores signifies how rapidly the CBD industry has grown, cannabis and its derivatives were illegal on both state and federal levels within the U.S. Now 33 states and the District of Columbia have legalized medical use. Among those states, 10 states, as well as the District of Columbia have legalized recreational use. The proliferation of cannabis legalization within the U.S. is further propelling the overall cannabis industry because the U.S. is the main market driver. According to data compiled by Zion Market Research, the global legal marijuana market was valued at approx
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