Business
EnviroTechnologies International, Inc. (OTC: ETII) is in a good position to take advantage of the burgeoning Hemp/CBD Pet industry
EnviroTechnologies International, Inc. (OTC: ETII) is in a good position to take advantage of the burgeoning Hemp/CBD Pet industry.
About this update from Envirotechnologies Intl Inc
[{"type":"text","content":"\nNEW YORK, Dec. 21, 2018 (GLOBE NEWSWIRE) -- News Commentary www.cannagreed.com\n In 1994, the American Pet Products Association (APPA) says Americans spent $17 billion on their pets.  By 2016 that number grew to $66.75 billion.  In 2017 it is estimated at $69.36 billion.  The (APPA) estimates spending by 2020 could surpass $96 billion in sales.  With numbers like that along with pet parents looking for ways to improve their pets’ healthier lifestyles, it makes perfect sense for manufacturers of CBD to enter the pet space.   The rapid expansion of treating pets with alternative medicine is fueling interest, desire, and conversations amongst pet parents and the veterinary community.  What is really driving interested pet parents is the fact that dogs with certain afflictions are treated with CBD with great success!   As evidence continues to surface over the benefits of CBD for humans, more and more people are turning their attention to what it can do for pets. CBD for domesticated animals, most notably cats and dogs, is gaining considerably more attention from consumers, and, in turn, the cannabis industry. With pet owners spending more than $30 billion a year on supplements and other types of treatments, it is a fast-growing sector that businesses cannot ignore. 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: AllergiesAnxietyAppetiteArthritisPhobiasSkin 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.” CBD works in both humans and pets through interaction with the endocannabinoid system. Science now shows that all vertebrates have one. According to one study CBD “binds to these receptors for a longer duration [in dogs], and evokes long-lasting therapeutic response without causing toxic effects.” EnviroTechnologies International, Inc. (OTC: ETII) is showing momentum again. Taking into consideration the previous sha...