NEW YORK, March 01, 2019 (GLOBE NEWSWIRE) -- DailyOTC.com News Commentary -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."
The CBD Industry 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 CBD Pet Market, Link Reservations, Inc. (OTC: LRSV), a publicly traded company based in United Kingdom who already has one foot in the CBD pet industry, could be the right choice for both short and long term investors.
Wednesday, Linkreservations Inc, a provider of cannabidiol (CBD) products specifically tailored for pets, announced the acquisition of an e-commerce website called www.LinkResPet.com
“We are thrilled to add this site to our portfolio as it is the first step in a growth plan that will see Linkreservations Inc. consolidate distribution channels within the CBD space – with a specific focus on CBD products for pets,” explained Rene Lauritsen, CEO at Linkreservations inc. “We are currently seeing an increase in demand for CBD pet-specific products, with more people seeking alternative treatments and health boosts for their pets. We expect the market to boom in the near short term with Europe and the US in particular becoming more active in this area, as new legislation develops”.
Linkreservations Inc (OTC: LRSV) is CBD Petcare provider dedicated to improving the health and life conditions of pets worldwide. Developing and marketing hemp-based CBD products for cats, dogs and horses, the Company is currently present in Europe and in the US. A pioneer in the area, Linkreservations Inc products can be found under its brand LinkResPets (www.linkrespet.com).
The health benefits of CBD for pets is much like the benefits offered to humans, being in the treatment of current conditions and well as in a preventative capacity. As pets suffer similar conditions to humans – among them, anxiety, dermatitis, cancer – CBD has become a powerful way to help ensure their health, while minimizing nasty side effects.
Luckily, CBD has been shown in multiple studies to suppress and even interrupt the pain signals in your pets brain, which can relieve both acute and chronic pain problems from any number of conditions.
Recent research has shown that CBD has incredible medicinal potential that can help animals and people alike deal with a broad range of conditions, symptoms and concerns. When CBD enters the body, its effects are mitigated by the endocannabinoid system, a physiological system that occurs naturally in all mammals, made up of various receptors and neurological pathways.
The World Health Organization has concluded that CBD is effective and beneficial in treating a variety of conditions and problems, such as pain, anxiety, nausea, inflammatory diseases, arthritis and even cancer symptoms, including specific human diseased like multiple sclerosis, Alzheimer’s and Huntington’s disease, among others.
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