Green Growth Brands says it will open about 70 CBD stores at Brookfield Properties shopping centers throughout the U.S.
The Ohio-based cannabis company says these will sell CBD-infused personal-care products under its existing Seventh Sense banner and also under a new brand called Green Lily.
The CEO of Brookfield Properties’ retail group, Sandeep Mathrani, says it is the company’s job to bring in retail offerings that consumers desire, and this includes Green Growth’s CBD products.
Green Growth currently operates seven shops within the Brookfield Properties portfolio.
Cannabidiol, or CBD, is a nonintoxicating compound that can be derived from cannabis or hemp and which has been touted for its supposed health benefits.
Cannabis use remains illegal at the federal level in the U.S., but a law known as the Farm Bill, enacted in December, permits the cultivation of hemp for the purposes of extracting CBD.
By Brannon Boswell