Hemp Retail Market Impact
October 30, 2019
Just recently, CVS announced that in 800 of their 9,800 locations, they’d be selling Hemp and hemp extract products as an alternative wellness option. Soon after, CVS’s competitors Walgreen’s and Rite-Aid went public with the same information, eager to remain neck-and-neck with one another. Finally, health store The Vitamin Shoppe began offering hemp extract soft gels, and shared their plans to incorporate more strains of the hemp-derivative, including oils and topical creams.
With the Global Revenue Implications and numerous health benefits from hemp extract usage, it’s inevitable that Walmart, Target & Amazon will have to thrust themselves into the ring sooner, rather than later.