Walmart May Start Selling This Surprising New Product

Walmart Inc. (NYSE: WMT) has rarely wavered from founder Sam Walton's gospel of Christian free enterprise or his conservatism.

So it should come as no surprise that, over the years, the world's largest retailer has taken stands against medical marijuana laws, sometimes refusing to cover employees' legal cannabis prescriptions.

So the most recent news coming out of Bentonville, Ark., was a bit shocking.

Earlier this week, Walmart's Canadian division said it's exploring the possibility of selling cannabis-infused products in its stores.

While various global beverage and tobacco giants have been showing interest in the legal cannabis market, Walmart is the first big retailer do so – and probably the most surprising choice possible.

What's next? Cannabis grow kits at Hobby Lobby? Marijuana-infused nuggets at Chick-fil-A?

Even more jaw-dropping is that this, technically, isn't Walmart's first foray into pot.

Earlier this year, it greenlit the sale of American Cannabis Co. Inc. (OTC: AMMJ) soil mix via its online store. While this is a far cry from stocking Walmart shelves with buds and edibles, it was a big step into the cannabis market for the traditionally conservative retailer.

Now, Walmart doesn't want to anger conservative customers. That's why you won't be able to buy your bud from the retailer – in Canada or here at home – maybe ever.

Instead, Walmart Canada is looking into cannabidiol, or CBD.

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CBD is a non-psychoactive but beneficial agent in marijuana. One CBD drug – a childhood epilepsy treatment from GW Pharmaceuticals Plc. (Nasdaq: GWPH) – just got reclassified as a Schedule V drug in the United States, on par with cough syrup.

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While Walmart Canada execs have stated, "We do not have plans to carry CBD products at this time," they do admit to some preliminary fact finding. And that means Canadians soon may be able to pick up CBD-infused products – from face creams to coffee drinks – at their local Walmart.

Of course, this is a balancing act for Walmart. While they don't want to offend their conservative customers, Genesis Market Insights recently valued the global legal marijuana market at $17.18 billion. By 2023, it's expected to reach $59 billion.

Those are profits Walmart doesn't want to miss out on.

And neither do investors...

With Canada going fully legal this Wednesday, Oct. 17, it seems like every company is trying to get in on the $22.6 billion windfall that Deloitte's been forecasting.

With a market this saturated, companies will fail, and you're not going to want to put your money into one of the "tiny pot stocks" that never makes it off the ground.

However, I have a proprietary set of tools in my corner that helped me find the big winners. With 35 years of investing under my belt, I've developed strategies that are virtually foolproof. I've delivered more than 44 double- and triple-digit cannabis winners to my readers in just over two years.

And Canada's legalization will produce even more big winners. They could make you a millionaire – no, a multimillionaire – by this time next year. I'm talking gains of 46,000%.

You don't want to miss out on this.

After all, even Walmart's jumping in.

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The post Sam Walton Never Saw This Coming appeared first on Strategic Tech Investor | Michael A. Robinson.

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Michael A. Robinson is a 36-year Silicon Valley veteran and one of the top tech and biotech financial analysts working today. That's because, as a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs, scientists, and high-profile players. And he brings this entire world of Silicon Valley "insiders" right to you...

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