Walmart Might Sell Cannabis Products in Canada

Walmart Inc.’s Canadian arm has been investigating the possibility of selling cannabis-based products but doesn’t intend to get into the much-hyped business yet.

“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,” spokeswoman Diane Medeiros said in an email, referring to cannabidiol, a non-psychoactive compound found in cannabis plants.

Interest in CBD has been booming as Canada prepares to legalize recreational marijuana next week and several large alcohol and consumer products companies have indicated they’re studying CBD’s commercial possibilities.

Coca-Cola Co. said last month that it’s “closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world.” Constellation Brands Inc., the maker of Corona beer and Robert Mondavi wine, has indicated an interest in selling CBD-infused drinks through its partnership

... read more at: http://fortune.com/2018/10/09/walmart-canada-cannabis/

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