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Walgreens to sell CBD products in some stores

The drugstore chain is taking the lead from rival CVS, which announced last week it would start selling cannabidiol-based topicals.
Image: People walk by a Walgreens in Times Square in New York on Oct. 17, 2012.
People walk by a Walgreens in Times Square in New York on Oct. 17, 2012.Richard Drew / AP file
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Walgreens will sell CBD creams, patches and sprays in nearly 1,500 stores in select states, the company told CNBC on Wednesday.

The drugstore chain will sell the cannabis-based products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois, and Indiana.

“This product offering is in line with our efforts to provide a wider range of accessible health and wellbeing products and services to best meet the needs and preferences of our customers,” Walgreens spokesman Brian Faith said in an email to CNBC.

Rival drugstore chain CVS introduced CBD-containing topicals, including creams and salves, to stores in eight states earlier in March. As the non-psychoactive cannabis compound becomes one of the hottest ingredients in consumer products, retailers are carefully evaluating the market.