Whole Foods Is About To Make A Trillion Dollars By Getting Into The Weed Business
Boston Globe - If marijuana is legalized you can expect Whole Foods Market to start selling cannabis products, the company’s CEO said on Thursday.
During a conversation hosted by The Texas Tribune, an audience member asked John Mackey whether his company would consider selling “alternative proteins” such as insects. Mackey said yes, and then, unprompted, he brought up marijuana.
“If cannabis is ever passed in Texas, chances are good that grocery stores will be selling that too,” he said. “You just never know what happens over time with markets. They change and evolve.”
It would also seem to make good business sense generally for Whole Foods to plan an entry into the cannabis business. Perhaps that’s why the company, which was acquired by Amazon in 2017, recently enlisted a “seasoned trend-spotter” to make predictions about the hottest items for 2019, and hemp products made the top-10 list.
“Hemp hearts, seeds, and oils are nothing new to food and body care lovers — they’re in everything from waffle mix to dried pastas,” the company wrote on its website. “But a new interest in the potential benefits stemming from other parts of hemp plants has many brands looking to explore the booming cannabis biz.”
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You know that dystopian future where one person runs the world? We’re basically there. It’s been a hard-fought competition between Robot Zuckerberg and Robot Bezos and I’m fairly positive Robot Bezos is going to ultimately be the runaway winner. He’s already putting every single chain store out of business. He owns the DC newspaper. He owns Whole Foods. And now he’s going to own the weed industry. Imagine if Whole Foods becomes your own stop shop for all things weed? It’s game over after that. Your former dealer is now bagging your weed groceries at Whole Foods, giving you suggestions on what strains you should be buying as if he’s working the deli counter.
I’ve been doing my fair share of reading about weed stocks recently and man, they are so boom or bust. You can read about one and think you should put your entire life savings into it, but then read about another and be like wait, that other one sucks, I should put my entire life savings into this one! What if it turns out we should just all be buying more and more AMZN because they’ll end up being the biggest weed stock of them all? The United States of Amazon is getting bigger by the day, and the only question is, will the stock continue to get….higher? Heyoooo.