A planned nationwide chain of shops selling CBD-infused personal care products will launch next month with a location in Indianapolis, a cannabis firm announced Monday.
Green Growth Brands of Columbus, Ohio, says it has struck a deal with Simon Property Group to launch its chain of CBD, or cannabidiol, shops in U.S. malls owned and operated by the Indianapolis-based company.
The first shop will open at Castleton Square Mall, Green Growth said in a news release, with the company’s remaining shops opening over the course of this year. The arrangement will give Green Growth, which has a product agreement with another retailer, access to new markets and customers in as many as 108 locations across the U.S.
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CBD is a compound found in cannabis sativa and is extracted from the hemp variety, with has little or no TCH, which causes marijuana’s “high.”
Green Growth sells CBD-infused personal care products under the name Seventh Sense Botanical Therapy and other brands.
The cannabis retailer could not be reached for further comment. However, John Rulli, Simon president and chief administrative officer, lauded the deal in a separate statement.
“The national roll-out of a new retail concept of this scale and magnitude is unique and unprecedented,” Rulli says. “We are always looking for exciting and innovative brands to introduce to the widest possible audience as Simon is ideally placed to support ambitious retailers, due to our unrivaled portfolio of highly trafficked centers.”
Low-THC CBD oil has been legal in Indiana since March 2018. The state allows anyone to buy, sell and possess the oil as long as it contains no more than 0.3 percent THC and adheres to specific labeling requirements.
Green Growth, which also owns marijuana businesses in Arizona and Nevada, announced in January that it had struck a deal to sell hemp-derived CBD products in some of footwear retailer DSW’s stores.
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