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A Profit Opportunity for Pharmacies

OTC CBD is often touted for its uses in pain management, anxiety relief, and sleep. But the popular cannabinoid has been shown to benefit women’s health, too––an opportunity that pharmacies can leverage as a cash-based revenue strategy.

OTC cannabidiol (CBD) is often touted for its uses in pain management, anxiety relief, and sleep. However, the popular cannabinoid has been shown to benefit women’s health, too––an opportunity that pharmacies can leverage as a cash-based revenue strategy.

This week marks National Women’s Health Week, which serves as a reminder for women to take care of themselves and make their health a priority. Carrying women’s health products in the pharmacy can be a profitable strategy, as women are an important demographic to target, said Lisa Faast, PharmD, CEO of DiversifyRx, in a session at the Pharmacy Profit Summit.1

Hosted by Faast, the Pharmacy Profit Summit is a 6-day virtual event starting May 10 that is designed to equip pharmacy owners with strategies to increase profits. Alex Capano, DNP, CRNP, FNP-BC, chief medical officer at Ananda Professional, joined Faast to discuss opportunities for CBD in the context of women’s health.

“When I started looking at CBD and cannabinoids and the science behind that…I recognized that there’s a major therapeutic opportunity for sexual health, women’s health, gynecological issues because there’s so many receptors for these cannabinoids,” Capano said.

Source: drugtopics.com

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