Simon Properties, one of the largest mall operators in America, is jumping on the CBD train. Last week in a deal with Green Growth Brands, a publicly traded Canadian company, the first Seventh Sense CBD Shop opened at the Fayette Mall in Lexington, KY. According to a press release, there are expected to be “hundreds” more stores nationwide.
This is a big deal, a huge mall operator given legitimacy to CBD retailing across the country regardless of the individual state’s marijuana laws. Once again, it’s a benchmark moment for the industry signaling its acceptance by big business.
Here’s more details from Retail Dive: https://www.retaildive.com/news/cannabis-retailer-inks-us-deal-with-simon-property-group/548280/