Wine and liquor distributor Constellation Brands is "more likely than not" going to acquire the rest of cannabis firm Canopy Growth, a Cantor Fitzgerald analyst said.
There has been a significant growth in demand for cannabidiol (CBD) products across the globe in recent years, particularly in developed countries such as the U.S., France, Canada and the Netherlands. As a result, various cannabidiol product manufacturing companies have partnered with big retail stores to better supply their consumers. For example, earlier last year, CNBC reported that Walgreens planned to sell CBD creams, patches and sprays in nearly 1,500 stores in select states.
Whole Foods Market is expanding distribution of topical CBD products to 13 additional states this month, making CBD products available in a total of 359 Whole Foods Market stores across the U.S.