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Walmart is looking into selling cannabis products in its Canadian stores

Walmart is looking into selling cannabis products in its Canadian stores
Reuters



Walmart's Canadian division is exploring the sale of marijuana products in its stores, according to reports.




The company said it had carried out some "preliminary fact-finding" on carrying CBD-infused products in its stores, but it had no immediate plans.




Canada is set to legalize marijuana federally on October 17, and analysts expect CBD to show up in products ranging from beverages to skincare.



Walmart may be the next big retailer to get into the marijuana business.
The big-box retailer's Canadian division told Bloomberg it has carried out some "preliminary fact-finding" on potentially carrying CBD (or cannabidiol) infused products, but has no plans to do so yet. Walmart's stock was up 2% following the reports.
CBD is a non-psychoactive component of marijuana that's linked to a range of health benefits but can't get you high.
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