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By legalizing its nationwide adult-use market on October 17, Canada became the first G-7 nation to do so. The move also enabled Canadian hemp producers to sell hemp flower to cannabis processors for CBD extraction; they had previously been limited to marketing hemp fibers and seeds rather than the cannabinoid-intense flower. Should Walmart decide to start selling CBD products, it could command a significant share of the market and will push CBD sales quickly higher.
Should Walmart wade into the CBD market, the next question many are left wondering is how the company will go about it. Which company or companies would they choose? There are a few possible scenarios. As one of the largest hemp companies in the United States, CW Hemp already has a strong brand recognition thanks to Sanjay Gupta's documentary "Weed", and is already the brand of choice for retail chains like Lucky's Market.
That is something Walmart would notice. Other hemp-derived CBD brands to watch for entry into Walmart are Functional Remedies, Elixinol and Pure Kind Botanicals, but smaller brands like these will need to prove to Walmart they can source enough products to meet consumer demand. Walmart may also decide to go with one of the hemp brands that it already does business with. Although Walmart does not sell CBD products, it does sell a variety of hemp-derived products; such as hemp oil, hemp soap, and hemp fiber.
Some hemp brands include Manitoba Harvest, Dr. At present, none of these large hemp companies sell CBD-related products, but look for some of them to start in as several leading brands look to expand their product offering into hemp-derived CBD to capitalize on mass market distribution opportunities.
New Brunswick signs new cannabis supplier amid shortage, in talks with others 5 hours ago. Belgium considering medical marijuana agency to govern production, distribution February 8, In unusual move, Thailand to revoke foreign patent requests on marijuana January 28, Ontario Cannabis Store offers opportunities for delivery, insurance firms January 28, British Columbia, Ontario at bottom of per-person legal cannabis sales January 23, Class action lawsuit against cannabis firm Organigram will proceed to trial in Nova Scotia January 22, Tilray to double domestic footprint with acquisition of Canadian marijuana cultivator January 22, Puerto Rico medical marijuana companies now without banking option January 21, February Issue 10 Killer Technologies.
Maine orders CBD edibles removed from retail stores February 4, Kentucky hemp acreage more than doubles for January 24, Pennsylvania lifts hemp production, license caps, citing Farm Bill and federal shutdown January 23, Michigan quietly repeals CBD ban, sets hemp fees January 14, Colorado hemp farmers can tap into state grant to hire interns January 9, Nevada CBD manufacturer inks nationwide deal with drugstores December 19, Texas looks to join national hemp boom December 7, Montana hemp grower pursues reverse takeover in bid to go public in Canada December 4,
Walmart Canada exploring possible sale of cannabis-based products
Walmart acknowledges they've done preliminary fact-finding of cannabis-infused products in Canada. Walmart Inc's Canadian unit said on Tuesday it is exploring the possibility of selling cannabis-based products, but has no immediate plans to. Recently, according to reports in both CNBC and Bloomberg, Walmart has shown interest in cannabis-infused products, and a variety of CBD.