Elevate CBD is one of the biggest beneficiaries of the news as the firm’s CBD-infused pain relief cream will be sold in over 1,500 CVS stores. The brand specializes in full-spectrum, lab-tested, and supposedly, ethically-sourced hemp products.
Overall, CVS carrying CBD products is yet another boon for an industry that appears to have great momentum. Having colossal corporations such as Walgreens and CVS throwing their weight behind CBD has helped the industry move forward.
What CBD Brands Are CVS Selling?
Working in collaboration with chemists and naturopaths, Sagely Naturals began formulating broad-spectrum CBD-based products coupled with potent botanicals. All of Sagely Naturals’ products are derived from organically-grown, non-GMO hemp and contain less than 0.0025% THC. Each product is then quadruple-tested by a third-party laboratory to ensure the highest quality and purity standard.
Social is another CBD-based company that has significantly benefited from CVS’s decision to sell CBD topical creams. SocialCBD Muscle Rub 3-ounce cream ($29.99) is designed to provide fast and effective relief for muscle aches and pains.
“We are carrying hemp-derived CBD products in select states to help meet consumer demand for alternative care options,” said CVS Health Spokesperson, Mike DeAngelis.
“We’re going to walk slowly, but this is something we think our customers will be looking for,” CVS Health CEO Larry Merlo said in an interview Wednesday with CNBC’s Jim Cramer.
CBD, or cannabidiol, comes from the hemp plant, a close relative to another member of the cannabis family, marijuana. Both plants contain abundant types of cannabinoids, but marijuana is high in the psychoactive chemical THC, while hemp is rich in CBD, the non-psychoactive component of cannabis that has generated quite a buzz for its potential medicinal benefits.