NCPA launches CBD resource

Tuesday, October 29, 2019

SAN DIEGO – The National Community Pharmacists Association has teamed up with PRS to launch the NCPA CBD Source, an online resource for community pharmacies looking for information on cannabidiol products. The goal of the resource: help community pharmacies make educated decisions about the growing CBD marketplace, the association says. “Many pharmacies are deciding to sell CBD products because of the patient demand and because, as the medication expert, they can serve as the source of truth,” said NCPA CEO B. Douglas Hoey. “Pharmacy owners want to be able to answer their patients’ questions and recommend products where they can check their certificate of analysis. The new CBD Source goes a step further and will be sending product samples to an independent lab to verify strength and product integrity.” The CBD Source will function like any other online shopping website, but it will also have education and marketing tools for products that have been researched by NCPA and PRS. While the CBD Source will include experts who pharmacists can call and ask about buying, selling and marketing, NCPA recommends that pharmacists also familiarize themselves with local, state and federal laws governing the sale of CBD products. NCPA notes that the CBD industry grew by nearly 40% in 2017 to $367 million, according to a recent report by New Frontier Data, an analytics company specializing in the cannabis industry. The market is expected to hit $22 billion by 2024.