Which Kroger (NYSE:KR) stores will carry CBD products?
The business recently announced that it will begin selling a number of CBD products, which are derived from hemp but contain no THC, meaning that these items won’t give you the psychoactive effect — or “high” — that marijuana would. The items included in these stores will include a variety of topical products such as lotions, balms oils and creams.
Kroger announced that stores in 17 states will include CBD products for sale, including the following:
- S. Carolina
Kroger said that the prices of these items will vary from $3.99 to $59.99, although the brand names behind such items have not been unveiled yet. “Like many retailers, we are offering our customers a highly-curated selection of topical products like lotions, balms, oils and creams that are infused with hemp-derived CBD,” Erin Rolfes with Kroger’s Cincinnati division said.
“CBD is a naturally-occurring and non-intoxicating compound that has promising benefits and is permitted within federal and state regulations,” he added. “Our limited selection of hemp-derived CBD topical products is from suppliers that have been reviewed for quality and safety. ”
While the U.S. Agricultural Department regulates industrial hemp production, the Food and Drug Administration (FDA) still does not recognize CBD as a “safe” ingredient.
KR stock is surging roughly 0.7% today following the news.
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