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Trump’s positive attitude toward the legalization of cannabis in the U.S. could take the rapidly growing CBD pet industry to a whole new level
Trump’s positive attitude toward the legalization of cannabis in the U.S. could take the rapidly growing CBD pet industry to a whole new level.
About this update from Envirotechnologies Intl Inc
[{"type":"text","content":"\nNEW YORK, Jan. 09, 2019 (GLOBE NEWSWIRE) -- OTCinsider.com News Commentary - Two more states legalized medical pot, Utah and Missouri recently, which increased the number of states to have legalized cannabis in some capacity to 32. We also saw the green light given to adult-use pot in two states Vermont and Michigan, raising the number of recreational marijuana states to 10. Two other positive signs are the U.S. Food and Drug Administration’s first cannabis-derived drug approval, and President Trump signed the Farm Bill into law, thereby legalizing hemp and hemp-based cannabidiol (CBD), the nonpsychoactive cannabinoid best known for its perceived medical benefits.\n 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 per cent in 2017, versus growth across all product categories at 15 per cent, it said. 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: 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.” 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. (OTC: 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 r...