CBD Industry is Growing Rapidly Despite Uncertainty in Medical Cannabis Regulations

A recent NPR article highlighted just how an industry can flourish, even with an uncertain regulatory state.

The article indicated that various retailers around the country have been investing in CBD, including large drug stores, such as CVS and Walgreens. Aside from larger establishments, small shops began carrying CBD products as well. One shop is Family Video. The store offers CBD gummies, lotions, lip balms, oil, and water.

And profits are not the only motivation behind the store’s CBD offerings. Shea Castleberry, who manages the store, claims that the company’s CEO was inspired to sell CBD products at the stores after CBD helped his elbow pain. Castleberry added,

“Forty-one years in the same business, in a quote-on-quote ‘dying business,' says something about the people that own this company. They're not afraid to try things. If they don't work out, they don't work out. And we move onto the next thing.”

Further, the profits of CBD sales aren’t bad either. According to Castleberry, it added about $1,000 in revenue in the past month. But in any case, they are a small fraction of the overall sales as well.