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:
- 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, For The Earth Corporation (OTC: FTEG), a publicly traded company based in Arizona, with already one foot in the CBD pet industry, could be the right choice for both short and long term investors.
After signing a Letter of Intent with Vliso AI to acquire their CBD Vending Machine Division (CHOW), For The Earth Corporation (OTC: FTEG) announced that they have signed a Lease with the Boulevard Mall in Las Vegas, NV to Launch Their CBD Vending Machines.
“We are extremely excited to be launching two new CBD vending machines and a CBD Kiosk at the Boulevard Mall in Las Vegas, NV. Las Vegas is a great place to launch the new first set of “Chow by For The Earth” Vending Machines. With the healthier benefits of CBD compared to Opioids and For The Earth being a Healthy Living Company, CBD will be a major focus to help fulfill FTEG’s Mission. The vending machines will consist of made in the USA, pharmaceutical grade CBD with ZERO THC and various Pet Products infused with CBD.
Last year, the company (FTEG) and Macs and Buddy Pet Products have finalized their purchase agreement; Macs and Buddy is now a fully owned subsidiary of For The Earth Corporation.
“I’m pleased to announce that the acquisition of Macs and Buddy is now complete and is now a fully owned subsidiary of For the Earth Corporation. WWW.MACSANDBUDDY.COM This acquisition will allow ‘For The Earth’ to have a strong entry into the pet industry,” stated Nelson Grist. Macs and Buddy has done extensive research into the benefits of CBD and pets. FTEG will offer enhanced marketing and awareness to the entire Macs and Buddy line. (See Potential New Label for the CBD Pet Line).
Investors should immediately take advantage of the pullback in For The Earth Corporation (OTC: FTEG) Shares.