Business
EnviroTechnologies International Progress Report
EnviroTechnologies International Progress Report.
About this update from Envirotechnologies Intl Inc
[{"type":"text","content":"SALT LAKE CITY, UT / ACCESSWIRE / November 20, 2018 / EnviroTechnologies International, Inc., (''ETI'') a publicly traded company (OTC PINK: ETII) that develops and markets green, natural and organic products for diverse industries, released a 4th Quarter update of its progress in current operational channels. CBD HealthIts subsidiary, CBD Health Co., (www.cbdhealthco.com), a company that markets and sells high quality and proprietary hemp-based, natural CBD health products, is continuing to develop new medical and hemp-based health products for humans and pets.Approximately 24 states now allow the commercialization of medical hemp-based products. ''In this election year medical marijuana proposals were a hotly debated topic and several states passed proposals that allow the growing and distribution of medical hemp products, even Utah, where there was fierce opposition,'' said Gaylord Karren, ETI's president and chairman. ''This is a growing, very profitable market and our partner, CBD Health, is on the forefront of development and innovation".According to a report provided by Energias Market Research, the global medical cannabis market is projected to increase in value from USD 8.28 Billion in 2017 to USD 28.07 Billion in 2024 and at a CAGR of 19.1% from 2018 to 2024. There are many significant developments that help increase the growth rate of the market, such as the increasing acknowledgment of medicinal benefits and higher demand for hemp products in the treatment of various diseases, as well as growing research and development investments.The global Medical Marijuana Market size is expected to register a CAGR of 17.2% over the forecast period. The market is experiencing growth due to rising awareness regarding various medical applications, such as pain management, appetite enhancement, and reducing eye pressure.''We are enthused by CBD's prospects and plans for 2019,'' said Randall Water's, ETI's Vice President of Sales and Marketing.EO SystemsETI manufactures state-of-the-art electrolysis machines (EO Systems) that create electrolyzed oxidative water that have broad application in many channels, such as carpet cleaning, agriculture and natural oil and gas extraction. ETI EO Systems use ''Independent Flow Technology'' which creates exceptional fluid values and is housed within an exclusive and patent pending design. Th...