Metatron (OTC:MRNJ), a mobile and web technology pioneer having developed over 2,000 apps on iTunes and Google Play, today announced that it has entered into a non-binding letter of intent to develop a mobile presence to sell CBD-related pet products for PetMojo.com.
The team behind PetMojo has over 20 years experience in eCommerce and 15 years experience running luxury pet services businesses in Orange County, CA. Their direct relationship with thousands of caring pet owners has given them the opportunity to identify the growing need for high quality hemp oil products designed exclusively for pets, and their background in online marketing provides the know-how to take their vision nationwide.
Pet-and-animal product CBD sales are estimated to reach $125 million by 2022, representing a 5-year CAGR of 57 percent, among the fastest-growing sectors in the CBD market. Most hemp-derived, pet-and-animal sales occur via the internet, as traditional mass-market pet retailers are yet to carry the products.
In 2018, the Farm Bill was signed into law and removed hemp from the Controlled Substances Act, clarifying hemp's legal status in the U.S. Consumers across the country can now purchase CBD products in stores and online.
The Farm Bill promotes the research and cultivation of industrial hemp and its extracts, such as cannabidiol, known as CBD oil. The Ninth Circuit in San Francisco said that the Farm Bill takes precedence over any other rulings or decrees put out by legislators concerning CBD oil.
It may seem tempting just to give human designed CBD to your pet, but this could be harmful as CBD dosage is size and weight dependent. CBD oil for pets is specially designed for cats and dogs with corresponding dosage for both their size and their body weight.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190313005142/en/
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