Article published March 7, 2019 on National Real Estate Investor. Excerpt follows.
Simon Property Group Announces CBD kiosks for malls
The kiosks’ novelty might serve as an added attraction for shoppers, while short-term kiosk leases are low risk.
Indianapolis-based Simon, the biggest mall operator in the U.S., has inked a deal to open 108 kiosk locations that will sell beauty and personal care products infused with cannabidiol, or CBD, a chemical produced by the cannabis plant.
Simon is partnering with Columbus, Ohio-based cannabis company Green Growth Brands (GGB) to launch the kiosks operating under GGB’s Seventh Sense Botanical Therapy brand. The products offered will be purely for topical use; the kiosks won’t sell products like vape pens or edibles.
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