Walmart Inc. (NYSE: WMT) might soon sell cannabis products in its Canadian stores. It’s just another sign of the cannabis industry’s hugely profitable potential.
CNBC is reporting Walmart is doing basic fact-finding on selling cannabidiol (CBD) products. CBD is a non-psychoactive extract from the cannabis plant and is used to treat a number of health conditions, from stress to epilepsy.
While CNBC says Walmart has no immediate plans to begin selling CBD, it makes sense for the retail giant to enter the market. Between its state-of-the-art logistics and its stores across major population centers – there are more than 400 stores in Canada – the company is sitting on a potential gold mine once cannabis is fully legalized.