WHITEFISH, MT / August 6, 2014 / Consumers will spend an estimated $58.51 billion on their pets in 2014, according to the American Pet Products Association’s National Pet Owners Survey, which is up 5% from the $55.72 billion spent last year. Even with the global economic crisis of 2008, the industry has managed to grow every year since 2001, as consumers are willing to spend on their pets even when they can’t afford to spend on themselves.
In this report, we’ll take a look at the potential therapeutic effects of cannabinoids, and the potential market opportunity within the multi-billion dollar pet industry.
Cannabinoids for Canines (and other furry friends too!)
Researchers have found that cannabinoids may be effective in easing symptoms and reversing a wide range of conditions, including rheumatoid arthritis, diabetes, epilepsy, antibiotic-resistant infections, neurological disorders, and muscular dystrophy. Moreover, the cannabinoids don’t appear to have any major side effects and may even be effective as an anti-psychotic when given in larger doses.
Since cannabinoids from hemp are non-psychoactive, these can be legally sold over-the-counter in all 50 states. The wide range of potential applications in humans has prompted companies like GW Pharmaceuticals plc (NASDAQ: GWPH) to begin FDA approved clinical trials, but Cannabis Therapy Corporation is the first publicly traded cannabis company to enter the multi-billion dollar pet and animal industry.
Potential Market Opportunity
Perhaps the closest proxy would be glucosamine supplements, which are designed to ease joint pain caused by arthritis. Many veterinarians and pet owners purchase these supplements to help ease pain for older pets. In an August 2000 issue of the Journal of the Proceedings of the National Academy of Sciences, investigators found that cannabinoids suppressed the progression of arthritis in vivo and in animals.
The Canna-Pet(TM) Deal
Developed in collaboration between Doctors of Veterinary Medicine in six states and an MIT entrepreneur, Canna-Pet™ is the culmination of 20 years of research and development in cannabinoid therapies for animals. The company produces the only veterinarian recommended, legal, over-the-counter CBD products for animals, made from industrial hemp and manufactured in the U.S.
Currently, Canna-Pet(TM) offers capsules available in four different dosages plus Canna-Biscuits(TM) treats. The products contain not only CBD, but other cannabinoids and terpenes (essential oils) that make them uniquely effective. Following the agreement, Canna-Pet(TM) products are now available under exclusive worldwide license with Cannabis Therapy, which will provide CTCO investors with unique exposure to this growing industry.
For more information, please see the following resources:
- Company Website - http://cannabistherapy.com/
- Canna-Pets Website - http://www.canna-pet.com/
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Disclaimer: Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/
SOURCE: Emerging Growth LLC