Canopy Growth Launches Martha Stewart CBD Products

Canadian cannabis producer Canopy Growth (CGC) on Thursday launched a line of hemp-derived CBD gummies, soft-gels and oil drops under the Martha Stewart name. Canopy Growth stock edged higher while…

other marijuana stocks were mixed as the broader market reversed lower.

The launch is the result of a partnership Canopy struck last year with the better-living guru, before the weed giant began scaling back operations, including in the U.S., in an effort to become profitable. Canopy will also launch the products amid broader uncertainty about selling CBD in the U.S.

The product line, Martha Stewart CBD, is made in the U.S. with hemp-derived CBD isolate. CBD isolate is a crystalline powder seen as a purer form of CBD, which doesn’t have the psychoactive component that pot does but is known for its calming effects. The products will be available on Shop Canopy, a website launched in July to sell CBD products in the U.S.

Products for pets will appear under the Martha Stewart CBD name later in the year. The products available now, for…

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