Kroger to start selling cannabis-based products

Kroger to start selling cannabis-based products
imageStock Markets28 minutes ago (Jun 11, 2019 08:56PM ET)

(C) Reuters. The Kroger supermarket chain’s headquarters is shown in Cincinnati

(Reuters) – Kroger (NYSE:KR) Co said on Tuesday it would start selling cannabis-based products in 945 stores, joining the growing number of retailers that are trying to tap the demand for cannabidiol (CBD) products.

The Ohio, Cincinnati-based company will sell products containing hemp-derived CBD such as creams, balms and oils at its stores spread across 17 states, the company said.

CBD is the non-psychoactive chemical found in marijuana and does not cause intoxication.

Kroger joins retailers like Walgreens Boots Alliance (NASDAQ:WBA) Inc, CVS Health Corp (NYSE:CVS) and Vitamin Shoppe Inc in selling CBD products in some of their stores.

Kroger to start selling cannabis-based products

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.