Canopy Growth Launches Online CBD Store for the U.S. Market
Canopy Growth (NYSE: CGC) has pushed into the virtual cannabidiol (CBD) retail space in a big way. The company announced Monday that its online CBD outlet, ShopCanopy.com, is now open for business.
Although Canopy Growth is headquartered in Canada, ShopCanopy.com specifically targets the U.S. market. In the U.S., CBD oil -- which is derived from hemp -- is fully legal at the federal level, as opposed to marijuana.
The site features Canopy Growth's rather extensive selection of CBD products, in addition to those of other brands such as This Works and BioSteel. More prominently, it will also offer home-skills guru Martha Stewart's upcoming line of CBD goods. Stewart was hired as an advisor by the company last year.
Source Fool.com
