Weed products at Walmart?
Walmart Inc.’s Canadian arm is looking is investigating the possibility of carrying and selling cannabis based products.
Walmart spokesperson Diane Medeiros spoke with the Vancouver Sun last week: ”As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue, but we do not have plans to carry CBD products at this time.” She was referring to cannabidiol, a non-psychoactive compound found in cannabis plants.
With marijuana legalisation just around the corner in Canada, interest in CBD is at an all-time high with many alcohol and consumer product companies looking into the viability of creating new product lines using the compound.
Coca Cola has also been observing the growth of the cannabis industry in Canada. According to Huffington Post they are: “closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world.”
In an earlier post we talked about how Constellation Brands Inc., the people behind Corona beer, showed an interest in selling CBD-infused drinks through their partnership with Canopy Growth Corp., Molson Coors Canada Inc. has also entered into a joint venture with Hexo Corp. to develop cannabis beverages.
We’re also seeing Shoppers Drug Mart looking at taking the plunge into the cannabis sphere. The Vancouver Sun reported that they recently received approval from Health Canada to become a licensed medical marijuana producer, this is without a doubt opening the door for its pharmacies to begin selling medical cannabis products to patients.
While CBD doesn’t get you high like its cousin THC, it’s been shown to help with a wide range of health problems ranging from pain and inflammation to anxiety and sleeplessness. Cowen & Co. analyst Vivien Azer wrote in a paper: “Health and wellness consumers are beginning to find value and use from CBD-based oil extracts, tinctures, topicals and capsules to improve everyday life,”.
More and more people are looking to natural solutions to help with their health issues, the lifting of the prohibition on cannabis in Canada is another open door for natural health advocates. As we can see it is just a matter of time until major corporations join in.