LONDON, UK / ACCESSWIRE / April 4, 2019 / LinkReservations Inc. (OTC PINK: LRSV):
LRSV provides cannabidiol (CBD) products for dogs, cats, and horses
CBD is known for helping treat a host of medical problems including anxiety and inflammation
Pet owners spent an estimated $72.13bn in 2018, with vet care and supplies/OTC medicine making up 46.8 percent of that expenditure
Ever thought of giving pot to your dog? Well, that is how LinkResPet, the brand under UK-based company LinkReservations Inc (OTC PINK: LRSV), wants to make your ailing pets feel better: through specialized cannabidiol (CBD) products tailored for animals. CBD, the non-psychoactive component of cannabis, is most commonly used to help treat a host of medical problems and it is making headway into the pet care industry.
The global pet care market has grown exponentially in the past few years. Which is unsurprising given how pets are now like children, and in some cases, they are actually replacing them. A 2016 Mintel study showed how millennials are more likely to have a pet than to have a car, a house, and even a child. In fact, pets are very popular in the US; not only do 68 percent of American households (about 84.6 million homes) own a pet, but they also spent an estimated $72.13 billion on them in 2018.
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