Grocery chain retailer Whole Foods Market has opened the door to the possibility of selling cannabis at a future date. During a panel conversation with The Texas Tribune, John Mackey, CEO of Whole Foods, an Amazon company, answered a question from an audience member about whether Amazon would ever sell edible insects by introducing the idea of cannabis sales. “If cannabis is ever passed in Texas,” Mackey said, “chances are good that grocery stores will be selling that, too.” In Canada already, a national retail brand has entered the cannabis sales market. Pharmacy retailer Shoppers Drug Mart, a Loblaw Companies subsidiary, sells medical cannabis through an online portal. This move was approved as the retailer obtained a sales license from the Canadian authority on cannabis regulation. If Texas follows a similar legalization path to other peer states, licenses could become available for the sale of medical or recreational cannabis legally. According to its list of stores by states, there are 34 Whole Foods Market stores in Texas.

Hemp Land, Cannabis Hemp Blog, 05/22/2022 02:35:00

Open article: https://hempland.net/whole-foods-exec-hints-at-cannabis-sales/

People in North America have grown to expect to see a Starbucks outlet almost on every street corner. However, available information on cannabis sales suggests that marijuana could overthrow this coffee giant as legal sales of marijuana exceeded those recorded by Starbucks by a wide margin. This is no small feat by the marijuana industry, given the fact that only 39 of all the states in the U.S. have legalized marijuana in some form, either for medicinal or/and for recreational purposes. In contrast, Starbucks has been around since the early ‘70s, and coffee has always been legal, while the legal marijuana industry traces its journey to 1996 when California voters approved a measure establishing a medical marijuana industry. The journey to complete legalization across the country is still on. This history makes the 2021 sales records for marijuana and Starbucks all the more fascinating. Both industries grew last year, with Starbucks revenue increasing by an impressive 25%. However, marijuana edged Starbucks on the growth scale; cannabis sales saw a year-on-year growth of 30%.

CannabisNewsWire, 05/23/2022 04:20:00

Open article: https://www.cannabisnewswire.com/420-with-cnw-us-marijuana-sales-in-2021-exceed-those-of-starbucks/