Walmart Canada is still undecided on whether they will sell cannabis-based products yet. They have been researching the possibility of carrying these items, but as of now, they don’t want to get into the much-hyped industry.
Dianne Medeiros, a spokeswoman for Walmart, stated in an email “As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue, but we do not have any play to carry CBD products at this time.”
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., makers of Corona beer and Robert Mondavi wine, have stressed their interest in selling CBD-infused beverages, through its partnership with Canopy Growth Corp. Molson Coors Canada Inc. and Hexo Corp have also formed a partnership to develop cannabis beverages. Unfortunately, Pepsi Co.’s shares took a fall when they said last week that they had no plans to invest in cannabis.
Shoppers Drug Mart, a drugstore owned by Loblaw Cos, received approval last month from Health Canada to become a licensed medical marijuana producer. This will allow their pharmacies to dispense medical cannabis to patients.
Lacking the high that you would get from THC, CBD is thought to help patients deal with a wide range of ailments, from anxiety and sleeplessness to pain and inflammation. Canadian cannabis companies are actively testing its effects in several clinical trials. Canopy Growth Corp is conducting a study on sleep, while another company Tilray Inc., is researching CBD’s effects on Dravet Syndrome, which is a rare form of pediatric epilepsy.
“Health and Wellness consumers are beginning to find value and use cases from CBD-based oil extracts, tinctures, topicals and capsules to improve everyday life.” Cowen & Co. analyst Vivien Azer stated in a research note Tuesday. “We expect to see CBD used as a functional ingredient in non-alcoholic beverages.”