Continuing the running list, Designer Brands (NYSE:DBI) is a sixth major retailer selling CBD creams and balms. Designer Brands, which is formerly known as DSW, hooked up with Green Growth Brands and its Seventh Sense line of CBD-infused products to test these products in 10 of its stores. After 74% of the product sold in a 10-week span, Designer Brands decided to expand this partnership to include 96 of its U.S. stores and nearly 55,000 total units of product. Interestingly enough, Green Growth’s current CEO used to be Designer Brands’ president.
Along with Designer Brands, privately held luxury retailer Neiman Marcus also moved into the CBD space in mid-January. Neiman announced plans to carry a variety of CBD products at five of its locations, as well as online. Since CBD products tend to be priced at a premium to traditional cannabis flower, it plays perfectly into Neiman’s attraction of a more affluent clientele.
Beauty retailer Ulta Beauty (NASDAQ:ULTA) is a fourth brand-name retailer carrying CBD-based products. In mid-March, Ulta announced plans to carry five skin-care products from Cannuka that blend CBD with manuka, a type of honey that’s sourced from bees that pollinate Manuka trees. Ulta is currently able to sell these CBD skin-care products in all but three states (Nebraska, South Dakota, and Idaho) where CBD laws remain very strict.
Image source: CVS Health.
Health and wellness retailers
But the marijuana industry is far more complex than simply growing plants and selling dried flower to consumers. Rather, there are numerous ancillary businesses and niches within the cannabis space that are thriving above and beyond what we’ve witnessed as a whole. Perhaps no aspect of the green rush is more exciting than the rise of cannabis derivatives and cannabidiol (CBD).
A ninth and final “retailer” that I’ll include in this list is Simon Property Group (NYSE:SPG) . Although Simon Property Group doesn’t directly sell CBD products, as the largest mall operator in America, it’s directly responsible for approving or denying what stores goes into its malls. Recently, Simon Property Group and Green Growth Brands came to an agreement that allows Green Growth to open 108 shops in Simon’s malls this year to sell products containing CBD.
In addition to brand-name health and wellness retailers, four major apparel, accessory, and general retailers are now offering CBD products for sale.
These nine retailers have jumped on the CBD bandwagon
What Wall Street and investors seem to find most attractive about the rise of CBD is that it may appeal to consumers who might otherwise want nothing to do with the cannabis industry. Since CBD-based products typically contain no traces of, or minute amounts of, tetrahydrocannabinol (THC), the cannabinoid that gets a user high, consumers on the medical and recreational side of the equation tend to be more willing to try CBD-based products.
The marijuana industry is on fire, and Wall Street has certainly taken notice. Over the past couple of years, pot stocks have run circles around the broad-based S&P 500 in terms of total return, which isn’t hard to believe considering that Wall Street estimates call for a quintupling, at minimum, in worldwide cannabis sales through 2029.
The oil tastes great and has a strong set of effects. Hold this oil under your tongue and you’ll start to feel it within just a few minutes.
CBD is not a cheap supplement, and there’s a reason for this. A lot of hemp needs to be processed to produce each bottle of CBD oil. Additionally, everything needs to be sent to independent labs for testing, and oil needs to be added to dissolve and preserve the CBD crystals. Each stage increases the cost to manufacture a CBD supplement.
What I Like About Royal CBD:
I’ve decided to pick the kiwi-flavored CBD oil since I’m not a fan of unflavored full-spectrum extracts. I must say this little one lives up to its hype. The flavor is spot-on; not too sweet, but there’s no earthy aftertaste, which I’ve been hoping for. The 1200 mg bottle delivers 40 mg of CBD in each milliliter, which has been enough for me to split my daily dosage into two half-droppers. I take each dose in the morning and in the evening to boost my daily performance and wake up better rested. I’ve also noticed that my back pain is more manageable with this potency, and so is my morning anxiety. I love the fact this company uses organic-only ingredients, and as a flavor-chaser, I feel more than satisfied.
3. Check for 3rd Party Tests
Hemp Bombs prides itself on making some of the most potent CBD oils on the market. They have a wide selection of different CBD products, from tinctures to vape oils, topicals, gummy candies, and beauty products. Every batch of product is backed with third-party testing to ensure its quality.