The Global Pet Expo organized in Orlando, Florida has showcased a first-of-its-kind cannabidiol infused health and wellness solution for animals. The trade show, organized by American Pet Products Association (APPA) and Pet Industry Distributors Association (PIDA) provides a platform for the entire pet industry to introduce novel products.
PotNetwork Holding Inc., a wholly owned subsidiary of Diamond CBD Inc. has unveiled its 100 percent pure and chemical-free CBD oil-infused health and wellness products for cats and dogs. The product line is named ‘Medpets’, which also include pet CBD food to offer the pet-owners with a non-invasive and non-toxic way of pampering the pets.
As per the market reports of APPA, the domestic pet-care industry of the US accounted for $66.75 billion, of which $14.71 billion comes from the supplies/ OTC medicines. The industry was expected to touch $69.36 billion in 2017 with people spending more money on their pets. Another market research conducted by Technavio states that the global pet-care industry is speculated to grow at a CAGR of five percent by 2020.