Despite increasing consumer acceptance of health and wellness products made with cannabidiol (CBD), the compound extracted from cannabis plants has yet to make it to the shelves of many mainstream retailers like Target Corp. (NYSE: TGT) and Walmart Inc. (NYSE: WMT).
Even Amazon (NASDAQ: AMZN), which sells practically anything a consumer could want, refuses to sell CBD products on its site. A search for CBD on the Amazon site delivers results for many products made with hemp oil but none infused with CBD. While the online retailer does not offer CBD products, there are a number of books available on the site that explore the compound’s benefits.
People use CBD for relief from a range of health conditions, including pain, inflammation, multiple sclerosis, epilepsy and Crohn’s disease. But even though it can provide relief from certain medical ailments, it’s considered a supplement, so health insurance plans don’t cover it.
Target toyed with selling CBD oils online for about a week …