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.
Get access to more in-depth market analysis, premium features on cannabis investing trends and monthly executive webcasts with an Investor Intelligence subscription.