CHICAGO — Convenience-store chains are still investing in cannabidiol (CBD) despite a slowdown of in-store sales amid the coronavirus pandemic.
In late March, Circle K, a division of Laval, Quebec-based Alimentation Couche-Tard Inc., rolled out a variety of cannabidiol (CBD) products in its Coastal Carolinas Division through a partnership with CBD manufacturer Ignite International Brands. The products include two varieties of CBD gummies, two CBD sport creams, three CBD essential oils and three CBD tinctures. They are now available behind the counters of more than 400 Circle K stores in North Carolina, South Carolina and Virginia for suggested retail prices ranging from $5.99 to $39.99.
Also in March, Yesway, West Des Moines, Iowa, partnered with Betterment Retail Solutions (BettermentRS), a CBD sourcing, procurement and distribution company, to assist with Yesway’s CBD portfolio. BettermentRS offers infrastructure solutions for CBD manufacturers and retailers using its market knowledge and vetting process to identify products and provide distribution logistics, according to the company. BettermentRS is supplying 17 CBD products across six brands to Yesway c-stores, including CBD Living, Eco Sciences, Apis Mercantile, Cannadips, Vance Global and King Karl.
- Click here to download CSP's 2020 CBD Category Digest, created in partnership with Floyd's of Leadville.
Here’s what else made headlines in the CBD space in the CBD space:
C-store sales of cannabidiol products have fallen due to statewide lockdowns
California-based company also makes CBD chocolates, tinctures, more
Agency outlines its efforts to gather new information and inform the public on its CBD findings
Has been descheduled from the federal list of controlled substances
Encourage competition, safety, medical facts and eradication of the black market
Experts advise vetting suppliers as cannabidiol space evolves
While just 1 in 10 report using CBD, consumers’ awareness of the product and its benefits is on the rise
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