Back in October 2018, the Canadian division of Walmart said that it was exploring the idea of selling cannabis-based products on their shelves, sending shares of Walmart Inc. (NYSE:WMT) up roughly 3% despite no concrete plans to do so anytime soon.
A few months later in the U.S., the Agriculture Improvement Act of 2018, a.k.a. the Farm Bill was passed. This made a legal distinction between cannabis and hemp and defined hemp as “any part of the Cannabis sativa L plant, including all derivatives and extracts such as cannabidiol (CBD), provided that the plant contains less than 0.3% tetrahydrocannabinol (THC).”
Fast forward to today, and you can buy CBD supplements on Walmart.com, buy CBD beauty products on Ulta.com, and it’s rapidly spreading across the country in retailers ranging from Neiman Marcus and Sephora to CVS and Walgreens.
CBD at Walmart
Currently, Walmart.com only offers a limited selection of CBD products from only two brands – Procanna and Medterra. That said, there’s a little of everything.
You can get CBD tinctures for humans or for animals. You can also get CBD softgels for humans or for animals. Also, surprisingly, you can get a disposable CBD vape pen.
It is worth noting that all of the CBD products available through Walmart are sold and shipped by discount vitamin seller VitaSprings, which also sells a wide variety of other vitamins and nutritional supplements through the Walmart Marketplace.
Conclusion
Chances are, it will be a little while before Walmart itself begins selling CBD. That said, there seems to be another major retailer going green every day. After all, shares of Walgreens Boots Alliance Inc. (NASDAQ:WBA) are already up and it has been one hour since the news broke.
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Last year just before Christmas someone noticed that a 3rd party vendor was selling an artificial pot plant “christmas tree.” It was deleted hours after the story hit. Already the Procanna tincture noted in the article appears that it’s no longer available. There are still Procanna gel caps listed but I’ll betcha they’re gone by the end of the week. A search for Medterra products returns no results.
Yeah, it will be newsworthy when Amazon actually authorizes the sale of CBD products. A third party vendor listing CBD products without that authorization is not and that’s what we have here.