OTCinsider.com News Commentary – Two more states legalized medical pot, Utah
The rapid expansion of treating pets with alternative medicine made with CBD is fueling interest, desire, and conversations amongst pet parents and the veterinary community.
In 2017, sales of cannabis products marketed for pets at medical and adult-use cannabis dispensaries was nearly $7 million in California, Colorado, Oregon and Washington, according to BDS Analytics. In Colorado, sales of pet products grew 49
Greg Shoenfeld, vice president of operations for BDS Analytics, based in Colorado said: “Being able to develop a presence with the pet loving consumer could be a point of strength.”
According to MinistryofHemp.com CBD has a whole host of possible uses when it comes to pets. Some of them include helping with such ailments as:
- Skin Problems
According to the site, many veterinarians have found that CBD can help older pets with joint pain. In the words of MinistryofHemp.com, “[CBD is] useful in treating acute ailments like sprains and strains, torn ligaments, bone breaks, and even during post-operative care to reduce swelling, pain, and stiffness.”
The Cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space.
If you’re looking for ways to gain exposure to the U.S. cannabis industry, EnviroTechnologies International, Inc. ( ETII), a publicly traded company based in Utah who already has one foot in the CBD pet industry, could be the right choice for both short and long term investors.
In a recent press release,the company reported that its subsidiary, CBD Health Co., (www.cbdhealthco.com), a company that markets and sells high quality and proprietary hemp-based, natural CBD health products, is progressing in its hemp-based pet supplement products development.
“Much has been written lately about CBD products and the numerous applications for humans and pets, which has raised consciousness of CBD’s therapeutic value. Our CBD products are all cannabidiol-based, which means they are not psychoactive and are safe for pets,” said Joe De Leon, CBD’s President. “When your pet gets sick, you want the best treatment available and the products we are developing will offer better, more effective and safer medicinal options for pets than traditional pet health products.”
“Pet owners are committed to their pet’s health and well-being and are willing to spend money on pet health products, which make this a multi-billion dollar market, worldwide,” said Gaylord Karren, ETI’s President. “We hope to introduce our CBD pet products in 2019 as we believe that our CBD pet products will be superior to those currently offered in this huge industry and will create another profitable channel for our CBD products.”
The company also confirmed today that it has commenced an audit to become a fully reporting company and transition to the QB.
“We have been transparent with our financial information but we have not, to date, committed to a formal audit, which we determined is the next logical step in our progression as a public company,” said Karren. “We expect to complete our audit by the end of first quarter 2019, which will then allow us to move to the QB and expand our options in the public marketplace.”
Investors should consider taking full advantage of the pullback in EnviroTechnologies International, Inc. (ETII) Shares.
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