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 to sell CBD products within the past month.
Urban Outfitters trades on the Nasdaq under the ticker URBN; iAnthus trades on the Canadian Securities Exchange as IAN and on the over-the-counter exchanges as ITHUF.
Get access to more in-depth market analysis, premium features on cannabis investing trends and monthly executive webcasts with an Investor Intelligence subscription.
