CHICAGO —Online sales for cannabidiol (CBD) products continue to flourish despite in-store slowdowns amid the COVID-19 pandemic.
Tauriga Sciences, a producer of CBD-infused chewing gum sold in various Circle K, QuickChek and Flory’s convenience stores, profited more than $19,000 in online sales during May, resulting in a new monthly record for the brand, it said. The company was already off to a hot start and hit near-record numbers by April.
- Click here to download CSP's 2020 CBD Category Digest, created in partnership with Floyd's of Leadville.
“Our e-commerce business has been surging,” Seth Shaw, CEO of Tauriga Sciences, New York, told CSP Daily News in April.
Although Tauriga Sciences does not make any medical claims for its CBD-infused gum, consumer demand for products that may ease anxiety could have caused the sudden spike in sales, Shaw said. The company’s supply chain is also doing well because it sends its products through the U.S. Postal Service, while many suppliers rely on truck routes and direct-to-store delivery, Shaw said.
Here’s what else made headlines in the CBD-retail space over the past month:
Deal gives Canadian company a foothold in the United States
CSP chats with CBD category manager Tyla Vercollone on how the facility came together
Agency issues letters to companies for allegedly saying their products could treat addictions
Retail sales slip as consumers buy more online
Company plans to install more than 30 shops, CEO says
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