CBD manufacturer signs deal to get product in 7-Eleven stores
Published 23 hours ago | By Hemp Industry Daily staff
(This story has been updated from a previous version to clarify that the announced deal was signed with a distributor, not 7-Eleven’s corporate offices.)
One of the nation’s best-known convenience store chains, 7-Eleven, could carry CBD products in up to 4,500 franchise locations across the United States by the end of 2018.
Phoenix Tears, a Denver company that makes hemp-derived CBD oils and oral sprays, announced the distribution deal Tuesday.
The Denver company made the 7-Eleven deal with the help of MarketHub Retail Services, a distributor that works with 7-Eleven franchisees.
“This agreement confirms our belief that CBD’s status as a mainstream wellness option has arrived,” Janet Rosendahl-Sweeney, founder of Phoenix Tears, said in a statement.
Here’s what you need to know:
The 7-Eleven rollout will begin in places that have legalized recreational or medical marijuana – California, Colorado, Florida, Illinois, Maryland, Massachusetts, Nevada and Washington DC – and are considered friendly territory for cannabidiol retailing.
The CBD products are derived from hemp, not marijuana.
Phoenix Tears plans to have its CBD products in 7,000 7-Eleven stores over the next three years.
For CBD producers, convenience stores represent an enormous new market.
Roughly 155,000 convenience stores operated in the United States in 2017 compared with only about 43,000 drug stores, according to the Virginia-based National Association of Convenience Stores.
Distributing CBD in 7-Eleven stores will “address the growing consumer demand for effective, safe CBD-based products that can now be easily sourced over the counter,” said Blake Patterson, president of MarketHub Retail Services.
Categories: CBD, Colorado Hemp Business & Legal News, Featured
One comment on “CBD manufacturer signs deal to get product in 7-Eleven stores”
George Bianchini on May 23rd, 2018 - 1:41pm
This is fantastic, good for them. I would hope they keep the CBD away from the dangerous products they sell like sugar, cigarettes and alcohol, not to mention the snack food isle loaded with chemicals and transfat. If they make the CBD available to children they will be much more healthy and be able to fend off all the other toxic poisons, that the roughly 155,000 convenience stores sells. Now we still have to protect them from the highly addictive gambling activities that seem pervasive in these types of stores. But, all in all we should give them praise for doing something like this.
P.S. GW Pharma is most likely on the phone now with the FDA.
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