You Can Now Buy CBD on Walmart.com
The CBD industry is moving quickly now.
Photo Credit – Random Retail via Flickr
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.
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.
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.
In the meantime, be sure to subscribe to updates here so you never miss an important development.
[ARTICLE UPDATE AS OF 02/22/20: The products listed above have been removed from the Walmart.com marketplace.]
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Susie is a staff writer for MJobserver.com covering a wide variety of topics within the cannabis industry ranging from business to lifestyle.
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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.
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NJ marijuana: Vacant Walmart in Readington to become production facility
Business interests are lining up, years before New Jersey legalizes marijuana. But it won’t be easy to get your foot in the cannabis market. Here are three problems facing the weed industry.
READINGTON – One of the nation’s largest cannabis companies will turn the vacant Walmart on Route 22 into a marijuana garden and medical marijuana production facility.
Verano Holdings will employ about 100 workers, Mayor Betty Fort said at a township committee meeting earlier this month.
Verano, which will hold a job fair, told township officials that most of the positions will be filled locally, except for a “master grower.”
Earlier this year, Verano, headquartered in Chicago, was acquired by Phoenix-based Harvest Health and Recreation for $850 million. Harvest Health and Recreation is the third largest marijuana cultivator in the U.S. Stock in the company, listed on the OTC Exchange, was selling at $5.26 a share early Tuesday afternoon.
Verano had been awarded a permit in 2018 by the state Department of Health’s Division of Medical Marijuana to grow marijuana in Central Jersey. Verano had also obtained a permit to open a medical marijuana dispensary in Elizabeth.
Fort said the marijuana products, including oils, creams and tinctures, produced in the 120,000-square-foot building will also be sold at a dispensary in Phillipsburg. No products will be available for sale at the Route 22 facility, Fort said.
Verano does not need municipal approval to operate the facility in the building, which once had also housed a Laneco, because the property is zoned for agricultural use.
No cosmetic changes are proposed for the exterior of the building on the 12-acre lot.
“It will not look any different,” the mayor said.
The company will undertake some interior changes, including the installation of specialized lighting for the marijuana cultivation, and stripping vinyl off the floor down to concrete, Fort said.
Unlike Walmart and Laneco, no tractor-trailers are expected on the site, the mayor said, adding that vans will be used to transport the marijuana and products.
Verdano representatives have also discussed security policies with the township, the mayor said.
Walmart, which closed in April 2018, employed 143 workers. Walmart said it was closing the stores, based on several factors including financial performance and strategic alignment with long-term plans.
The conversion of the store into a cannabis facility fills a hole on Route 22 that has been difficult to solve with the rise of online retailers. The property, with an assessed value of $5.7 million, generated $167,352 in annual property tax revenue in 2018.
The new business is contributing to a spurt of growth in the Route 22 corridor in both Readington and nearby Branchburg, mostly fueled by the municipalities zoning for the construction of affordable housing along the highway.Verano, which will hold a job fair, told township officials that most of the positions will be filled locally, except for a "master grower." ]]>