- Earth Science
Tech is well positioned to take advantage of the exploding cannabinoid
industry
- One
consumer survey found that nearly 6.9 percent of adults currently use CBD
as a supplement
- The
CBD product market is estimated to reach $16 billion by 2025, incentivizing
all kinds of companies to create inroads into the lucrative space
Earth Science Tech Inc. (OTCQB: ETST), a Florida-based
biotechnology company focused on cannabis and cannabinoid research and
development, nutraceuticals, pharmaceuticals and medical devices, is
well-positioned to take advantage of the growing demand for cannabinoid
products by offering the highest purity and quality cannabinoids on the market.
Cannabidiol has been heralded by market analysts as a
catalyst for an impending economic boom, and speculation abounds as to its
ultimate market impact as legalization trickles through the United States.
After the U.S. Farm Bill passed in December 2018, designating hemp-derived CBD
as legal under specific stipulations, the CBD product market has taken off.
According to a Cowen & Co. analysis, nearly seven percent of Americans are
already using CBD products, and estimates set the potential market opportunity
for the “much-hyped” cannabis compound at $16 billion by 2025 (http://ibn.fm/R6ATM).
Cowen’s consumer poll of approximately 2,500 adults, taken
in January 2019, found that 6.9 percent of those surveyed use CBD as a
supplement. This total was “much higher than [Cowen analysts] would have
suspected,” according to analyst Vivien Azer. “Conservatively,” Cowen (http://ibn.fm/c27VO) expects CBD
use to grow to 10 percent of U.S. adults by 2025, signifying 25 million
consumers and a “$16 billion market opportunity.”
Earth Science Tech’s wholly owned subsidiaries are focused
on developing the company’s role as a global purveyor of CBD products, as well
as expanding its work in bringing cutting-edge pharmaceutical and medical
device offerings to the market. Each of its subsidiaries has a foothold in the
CBD market and is focused on increasing revenues and income-stream
opportunities.
The company’s cannabinoids are of the highest purity and
quality on the market. ETST’s CBD oil is 100 percent natural and organic, and
it’s offered in various forms of personal care goods, homeopathies, vitamins,
minerals, herbs, botanicals, functional foods and more. Products are available
to customers in both retail stores and via the internet for ease of purchase
across all 50 states. Earth Science Tech continues to expand its product line
and is in the process of developing new products with the goal of extending its
reach within the medical cannabis market.
For more information, visit the company’s website at www.EarthScienceTech.com
NOTE TO INVESTORS: The latest news and updates
relating to ETST are available in the company’s newsroom at http://ibn.fm/ETST
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Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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