Michigan's new rules could make CBD products easier to find

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Walgreens will also sell the products at stores in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina and Indiana.

Walgreens Boots Alliance plans to sell CBD creams, patches, and sprays at 1,500 Walgreens stores in nine states, the company told CNBC on Wednesday this week.

CBD (Cannabidiol): A substance derived from cannabis plants that does not have psychoactive effects.

Most law enforcement carry field testing kits, says Phelps, and can test the CBD oil on the spot. Canadian cannabis company Green Growth Brands recently inked deals with several American malls to establish its Seventh Sense CBD Shops nationwide, and on Thursday announced its first opening in Milwaukee.

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Back in October 2018, the Canadian division of Walmart said that it was exploring the idea of selling cannabis-based products on their shelves, sending shares of Walmart Inc. The U.S. Food and Drug Administration has already warned the makers and sellers of CBD products to steer clear of making overt health claims.

"Marijuana has been used to relieve pain, digestive and psychological disorders for more than 3,000 years-but the efficacy, safety and legality of the drug are still widely debated", Walgreens said on a corporate blog post about medical cannabis.

"We have partnered with CBD product manufacturers that are complying with applicable laws and that meet CVS's high standards for quality", a spokesman said in an email to MarketWatch.

CBD products produced from marijuana will not be regulated as marijuana if the THC content is below 0.3%. Market summary: CVS shares trading at 53.61 United States dollars +0.25 (0.47%) as of March 29, 2019, at 12:53 p.m. Market summary: Walgreens shares trading at 63.15 USD +0.64 (1.02%) as of March 29, 2019, at 12:53 p.m.

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