The global conglomerate Whole Foods Market, well known for its wide organic selections and high-ticket items, seems to have a positive outlook on selling marijuana-related products in the future. The CEO John Mackey is making headlines, after a live interview with the Texas Tribune features him speaking on Cannabis. The CEO was first questioned about alternative protein sources and in his own efforts shifted the conversation to Cannabis. “Chances are good that grocery stores will be selling it in the future,” says John Mackey. However, he was careful to comment on regulation and what he thought of governmental policy, for fear of public out lash. “You just never know what happens over time with markets. They change and evolve.”
The moderator of the interview goes on to ask the CEO in a light-hearted manner which product he thought Whole Foods would start selling first, bugs or pot brownies? “Let’s see what happens with the market and the government regulations over time,” John Replies. To the public, his openness may come as a surprise, but for those who know John Mackey, they can attest for his open-minded attitude around the substance. In 2013 he voiced his support in previous interviews. See the interview with Mother Jones.
Source: The Texas Tribune YouTube
John has been known as a pro-choice supporter, working towards protecting peoples rights, the environment, welfare safety, and Marijuana Legalization. His views stretch far and wide from the traditional grocer, John is truly a global influencer. He perhaps is even considered by many a seasoned opportunity spotter. A trait which may have helped lead to Amazon acquiring Whole Foods for over $13 Billion dollars in 2017.
“Hemp hearts, seeds, and oils are nothing new to food and body care lovers—they’re in everything from waffle mix to dried pasta,” Wholefood writes on its website. A new interest in the potential benefits stemming from other parts of hemp plants has many brands looking to explore the booming cannabis business. Unfortunately right now, with the confusion between the different aspects of the hemp plant, and what is and isn’t legal, many grocery chains are keeping their doors closed.
Banks refuse to fund new product lines and manufacturers keep their distances. At this stage, as optimistic as John Mackey may sound, it will take further federal legislative changes before a company the size of Whole Foods is able to start selling such products. The passage of the 2018 Farm Bill, which legalized industrial hemp, is at the very least opening more doors for hemp-derived CBD products to eventually hit the shelves. The FDA continues to deliberate over “alternative” pathways for hemp-derived compounds to enter the consumer goods and dietary supplements markets. Stay tuned for further updates on this developing story.
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