GLOBAL on-line retail giant Amazon is dipping its toes into the CBD market with the first ever products now on sale in a ‘pilot’ programme for UK customers only.
With estimates of the size of the booming global CBD market well into the billions of dollars, Amazon’s move is not surprising. But it does mark a major shift for the global retailing powerhouse after previously shunning cannabidiol (CBD) for its association with intoxicating cannabinoid Tetrahydrocannabinol (THC).
Amazon’s Statement To BusinessCann
In a statement to BusinessCann Amazon outlined its position as follows: “We are always seeking to increase the selection we offer our customers and help them find and buy anything online.
“The listing and sale of ingestible hemp products, including lozenges, e-liquids, sprays and oils that contain CBD or other cannabinoids are prohibited on Amazon.co.uk, except for sellers participating in a limited, invite-only pilot.
“The pilot is currently by invitation-only and is not accepting additional sellers. “This pilot only applies to products listed on Amazon.co.uk and is not available on other Amazon websites.”
Read full article here: https://businesscann.com/amazon-enters-cbd-retail-market-but-only-in-one-country/