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Walmart could be the next big retailer to start the marijuana business.
The Canadian big-box retailer's division told Bloomberg that it had conducted a "preliminary investigation" into potentially infused products containing CBD (or cannabidiol), but is not planning to do so at this time. Walmart shares rose 2% as a result of the reports.
CBD is a non-psychoactive component of marijuana that is associated with a range of health benefits but can not make you climb.
Canada should legalize marijuana at the federal level on October 17th. In the United States, it is estimated that the CBD market is worth $ 1 billion, and some analysts estimate that the market could explode to $ 22 billion in various categories, including beverages, snacks and cosmetics, in the United States. next four years.
Coca-Cola was considering an agreement with Aurora Cannabis for the production of CBD-infused beverages for the Canadian market. Constellation Brands – the beer producer behind Corona and Modelo – recently paid $ 4 billion for a 38% stake in Canadian farmer Canopy Growth.
In addition to this, Lagunitas, the Heineken-based California-based brand, has recently developed a sparkling hopped infusion of THC. And Molson Coors recently entered into a joint venture with Hexo, a publicly traded grower, to produce marijuana-infused beer for the Canadian market.
"Consumers of health and wellness products are starting to find value and use CBD-based oil extracts, tinctures, topicals and capsules to improve daily life," said Tuesday Vivien Azer, analyst at Cowen Investment Bank.
"We expect CBD to be used as a functional ingredient in non-alcoholic beverages," said Azer.
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