Shopify to launch CBD platform in US

Shopify to launch CBD platform in US

Canadian Shopify is welcoming US merchants selling hemp or hemp-derived CBD products to its platform. The e-commerce tool provider’s sole condition is that the sale of hemp-derived CBD must be legal in the state the company operates in.

US sales of CBD products are forecast to grow from US$1.9 billion in 2018 to US$20 billion by 2024, according to figures for BDS Analytics.

“Since 2018, Canadian CBD merchants have chosen our customizable platform to reach customers, safely and reliably. We’re excited to now provide the same comprehensive platform to empower US retailers selling hemp-derived CBD products to seize the opportunity ahead,” the company said in a statement.

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