The next time you head to the mall, you might be able to pick up some CBD. Green Growth Brands recently made a deal with one of the largest retail developers in the U.S. to “unleash a wave of kiosks and stores” that are selling its Seventh Sense brand of hemp-based CBD.
The products will be available in 95 shopping malls around the country that are run by Simon Property Group in 108 locations. Each location will offer roughly 40 different kinds of CBD-infused products, specifically topical beauty products, that will sell for between $19-$29 each. The stores currently will not sell tablets, edibles, or tinctures.
The first kiosk opened in Fayette Mall in Lexington, KY this month, The Wall Street Journal reports. The next location is expected to be at Castleton Square Mall in Indianapolis.
“It’s going to be an explosion across the country,” said Green Growth Brands CEO Peter Horvath, in an interview with BNN Bloomberg. “There’ll be 100 million footsteps that will be exposed to CBD products by the end of the year.”
Those stores are also just the beginning. By 2020, Green Growth Brands. Hopes to have more than 450 CBD kiosks open at mall locations about the country, a move which it projects will lead to a 2021 revenue of $120 million across all 450 locations.
Source: Emily Price from Forbes.com