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CVS begins selling cannabis-based products in 8 states

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CVS begins selling cannabis-based products in 8 states

CVS Health Corp. has started selling products that contain cannabidiol, or CBD, in eight states, CNBC reported March 20, citing a company statement.

CBD is a nonintoxicating cannabis compound.

The pharmacy chain started selling CBD products in Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland and Tennessee in the week of March 11, the report added. CVS said the products include creams, sprays, roll-ons, lotions and salves.

The retail and health care company added that it has partnered with CBD product manufacturers that "are complying with applicable laws and that meet CVS' high standards for quality."

In a separate report, CVS CEO Larry Merlo told CNBC that the chain is not selling any CBD-containing supplements or food additives.

Merlo reportedly said the company is going to "walk slowly" in the CBD space, but the executive added that "this is something that customers are going to be looking for as part of the health offering."