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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. William Sumner is a writer for the hemp and cannabis industry. Hailing from Panama City, Florida, William covers various topics such as hemp legislation, investment, and business.
You can follow William on Twitter: The post Where's Walmart? See more from Benzinga. Benzinga does not provide investment advice. Search Now you can search stock related news and private companies such as Airbnb. No matching results for ''. Try a valid symbol or a specific company name for relevant results. Amid the speculation, Walmart joins a growing list of large-scale retail chains and companies that have begun to flirt with the idea of selling CBD.
Last year, Target gained national attention after it briefly sold CBD oil in its online store, but quickly discontinued sales. Rumors also swirled around the national convenience chain 7-Eleven after the CBD company Phoenix Tears claimed that it had signed an agreement with the company to offer its products in stores nationwide, a claim soon proven false. Most recently, however, the biggest company to express interest in the CBD market was beverage giant Coca-Cola.
If Walmart is seeming coy about whether will start selling CBD products, the decision would mean a significant breakthrough for the CBD market. The extent of the growth in the market will be driven by mass market retailers like Walmart, Target and Amazon entering the market. 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.
Walmart Canada exploring possible sale of cannabis-based products
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