Urban Outfitters joins retail rush to sell CBD products

Urban Outfitters entered into an agreement with New York-based cannabis company iAnthus Holdings to begin selling CBD products in six stores and online.

The New York-based clothing and home decor retailer plans to begin selling CBD For Life – a line that includes topicals, cosmetics and tinctures – later this month.

The agreement will place CBD For Life products at the retailer’s top U.S. locations – four in New York and two in California – as well as on Urban Outfitters’ e-commerce platform.

Urban Outfitters has 245 stores in the United States, Canada and Europe.

The company joins Sephora, Ulta Beauty, Neiman Marcus, Barneys and DSW in selling hemp-derived products through mainstream retail channels.

Drugstore chains CVS, Walgreens and Rite Aid also announced plans in the past month to sell CBD products.

Urban Outfitters trades on the Nasdaq under the ticker symbol URBN; iAnthus trades on the Canadian Securities Exchange as IAN and on the over-the-counter exchanges as ITHUF.

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