0 Shares 37 Views

World’s First CBD Store Set to Open in Las Vegas

January 31, 2018
37 Views

Buy Legal Med’s is the world’s first Cannabidiol (CBD) based retail store, which is set to open today in Las Vegas, Nevada. The store will be selling edibles, tinctures, oils, cosmetics, balms, smoothies, topicals, and yes even pet products. All products developed for the store are being processed and manufactured by the company’s own in house facility. The store is set to open this morning.

Joe Vargas, the company’s CEO, already wants to expand this concept to other states where they can legally operate their business like California and Denver, both of which are recreationally states that adults 21 and older can buy and consume cannabis.

CBD is one of the many cannabinoids that can be extracted from the industrial hemp and cannabis plants. Unlike its cousin THC, CBD is non-psychoactive and legal to be extracted from industrial hemp, which contains less than 0.03% THC, under the 2014 Farm Bill.

The Hemp Business Journal estimates the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care and CBD-based products. The data shows that the hemp industry is growing at 22% 5-year CAGR.

34 states have legislation in place that separates industrial hemp and cannabis, 26 of them have active pilot-programs setup currently growing hemp. Its only a matter of time before CBD products become part of the mainstream.

You may be interested

Pure Spectrum and Colorado Cultivars to Offer Customers USDA Certified Organic CBD Products
Growers
3 views
Growers
3 views

Pure Spectrum and Colorado Cultivars to Offer Customers USDA Certified Organic CBD Products

Cash Crop Today - February 23, 2018

Companies Colorado Cultivars is entering into a joint partnership to offer customers of Pure Spectrum products Full Spectrum USDA Certified Organic hemp seeds. Both companies are dedicated…

CashCropToday | Crop Topics | Cannabis Health Benefits
CCT Streaming Shows
4 views
CCT Streaming Shows
4 views

CashCropToday | Crop Topics | Cannabis Health Benefits

Seay word - February 23, 2018

In this episode of Crop Topics we discuss different health benefits related to cannabis use. Glaucoma, Cancer, and other official health uses for cannabis consumption https://youtu.be/rIgs9rb-9Sg Follow…

Cannabis Public Companies Set to Supply Denmark With Cannabis
Growers
5 views
Growers
5 views

Cannabis Public Companies Set to Supply Denmark With Cannabis

Cash Crop Today - February 23, 2018

Aurora Cannabis (TSX: ACB) and Denmark tomato producer Alfred Pedersen & Son have plans set in place to construct a 93,000 sq. ft. cultivation facility located in Odense.…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: