Move comes after state law passed earlier this year Veritas Farms CEO says it will supply Kroger CBD oil topical products in the form of salves, moisturizing lotion, and lip balm.
Kroger Adds CBD Products to Shelves in Texas
Kroger will sell CBD products in Arizona, Arkansas, Colorado, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Nevada, Oregon, South Carolina, Tennessee, West Virginia, Washington, Wisconsin, Wyoming and now Texas
The Kroger Co. has begun selling hemp-derived cannabidiol (CBD) lotions, oils and creams in 88 stores across Texas, including in Houston.
According to the company, it decided to sell CBD-infused topical products after the Texas legislature passed a law earlier this year authorizing the production and sale of hemp and hemp-derived products, as long as they contain no more than 0.3% tetrahydrocannabinol (THC), the psychoactive ingredient in cannabis that gives users a high.
“Like many retailers, we are now offering our customers a highly curated selection of topical products that are infused with hemp-derived CBD,” said Sparkle Anderson, Kroger’s Houston spokeswoman. “Our selection of CBD topical products are from suppliers that have been reviewed for quality and safety.”
Earlier this year, Kroger said that it would be adding CBD products to its stores in 17 states, but Texas wasn’t on the list at that time.
CBD has been linked to a broad range of health benefits, among them treating insomnia, anxiety, seizures, inflammation and chronic pain. It has also been found to provide mild relaxation without any intoxicating effects.
Cincinnati-based Kroger operates nearly 2,800 retail food stores under various banner names, employing nearly half a million associates. The retailer landed the No. 2 spot of Progressive Grocer’s 2019 Super 50 list of top grocers.
Kroger to start selling CBD oil in 945 stores
The CBD craze could soon hit the aisles of your local Kroger store.
Veritas Farms, a vertically integrated agribusiness, is supplying its full spectrum hemp extracts topical products across 945 Kroger Family of Stores in 17 states.
“We are trying basically to provide consumers a healthier alternative to what’s currently out there,” Veritas Farms CEO Alexander Salgado told FOX Business’ Stuart Varney on Friday.
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Cannabidiol, or CBD, is the non-psychoactive compound found in hemp plants. It has been classified as a promising remedy to help treat many common conditions like pain, insomnia, and anxiety.
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Veritas Farms said it will supply Kroger with CBD oil topical products in the form of salves, moisturizing lotion and lip balm. With CBD legal in all 50 states, it is projected that the hemp extract could reach $16 billion in sales by 2025, according to a report by New York-based investment bank Cowen.
Salgado said his partnership with U.S. retailers will help his agribusiness double its first-quarter revenue of $1 million for the remainder of 2019.
“We are also working with major big-box chains, drug chains and retailers all over the country. So we are also adding companies like CVS and other major retailers as well,” he said.