The Rise of Cannabis Treatments for Pets
For millennia, people have shared their lives with domestic animals – and pets have since become a fixture in urban life.
The global pet industry is growing fast, driven by pet owners who increasingly treat their furry companions like family, including applying the same lifestyle choices.
Today’s infographic from True Leaf looks at why over half of pet owners are exploring natural treatments like cannabis for their pets.
Breaking down the Pet-onomics
The pet care market is thriving worldwide, and expected to be worth over $202 billion in a few short years. Some of this can be credited to cultural shifts across Asia, where owning pets is a sign of affluence and a result of higher disposable income.
Closer to home, self-proclaimed pet “parents” are a main source of spending.
- 85 million households in the U.S. own a pet, or two out of three families.
- Millennials and baby boomers are increasingly “humanizing” their pets.
As the largest generations of pet owners, they only want the best for their companions, and are increasingly focused on their pets’ health and wellness.
|Pet Industry Expenditures||2017||2018|
|Supplies/ OTC Medicine||$15.1B||$16.0B|
*Live animal purchases and pet services. Values have been rounded up to one decimal place. (Source: American Pet Products Association)
To that end, millennials and baby boomers are also showing more interest in natural treatments such as cannabis for pets – which are also becoming more mainstream in their own lives.
Why Cannabis for Pets?
Natural therapies such as CBD- and hemp-based products are a rising trend in pet care.
To understand why pet owners are seeking cannabis-derived products, it’s important to understand its components: two sub-species of plants, hemp and marijuana.
Hemp is mainly used for industrial and nutritional purposes, and contains less than 0.3% THC. On the other hand, marijuana’s primary uses are medical and recreational, with between 5-20% THC.
Both plants contain CBD, which is popular for its therapeutic properties. But since hemp contains barely any THC, products made from it can heal without the “high”.
Hemp seeds are a popular superfood – packed with proteins, healthy fats, and vitamins with a myriad of health benefits for humans and pets alike:
- Manages arthritis
- Weight management
- Cancer prevention
- Manages inflammation
- Boosts skin and heart health
It’s no wonder that hemp-derived pet supplies are on the rise in legal markets.
Navigating A Shifting Landscape
Since the passing of the 2018 Farm Bill, CBD in hemp became legal in the United States. Meanwhile, CBD in marijuana is still under investigation by the FDA, for its potential applications in food and beverages – and the process is fast moving.
CBD-pet supplements are sold in the market, but as the segment is still unregulated, this lack of control can influence the consistency and quality of products that are available. To ensure safe cannabis treatments for pets, it’s important to pay attention to the current laws.
The global cannabis for pets industry is taking off. Few companies are able to comply with this complex legality – but those that can navigate it will emerge as the top dog.
How Decentralized Finance Makes Investing Universally Accessible
Investing has historically been expensive, cumbersome, and inaccessible for most people. Decentralized finance and Abra aims to change that for everyone.
How Decentralized Finance Makes Investing Accessible
Historically, global financial markets have been restricted to those with exactly the right contacts, in the right locations, and with vast amounts of wealth already at their disposal. Investing for the general population, however, was typically expensive, cumbersome, and inaccessible.
Fortunately, today’s infographic from Abra demonstrates how the decentralized financial market has brought about solutions to these hurdles.
Why Investing Should be More Accessible
Many factors such as theft, inflation, and political or economic shifts can erode personal wealth over time.
Being able to invest in the global financial market offers a hedge against these risks, and yet for those with modest resources and limited connections, investing has typically been out of reach.
Consider several well-known platforms or funds:
- Etrade ─ $500
- T. Rowe Price ─ $2,500
- Vanguard S&P Mid-Cap 400 Index Fund ─ $5,000,000
Investment minimums range from several hundred to several million dollars—making any hope of investing impossible for most.
This is especially urgent for the global middle class, which is expected to swell 180% by 2040. Having access to more avenues to build and protect wealth will be key to sustainable economic growth for a growing majority worldwide.
But how can people actually start investing if much of the current market is still too expensive?
Fractional Investing Offers Better Access
In the past, brokers were limited to buying and selling stocks as whole units.
Fractional investing, however, allows investors with a lower net worth to access valuable, expensive stocks. It also attracts investors that are less likely to buy and sell on a whim and instead focus on long-term growth.
Blockchain technology has been a key component in this democratization of global wealth—much like fractional investing—because people are no longer restricted by their resources, location, or lack of connections.
A New Wave of Investing
Decentralized finance is:
Users no longer need a third-party to verify their transactions.
Users can access decentralized financial markets from anywhere using their smart devices.
Every transaction is made publically viewable.
No one can make arbitrary changes or cause system-wide shutdowns.
Anyone can customize smart contracts based on regional and technical requirements.
Decentralized financial tools, using blockchain and cryptocurrencies, are providing excellent alternatives to building wealth by offering smaller investment minimums, lower fees, and faster transaction times.
The rise of Bitcoin and other cryptocurrencies introduced the world to the simple concept of fractional investing—owning extremely small fractions of digital currencies.
Now, investors can also own fractions of high-priced stocks, ETFs, fiat currencies, cryptocurrencies, and stable coins, through Abra’s novel platform.
Abra: the Blockchain-based Investment App
Abra is the world’s first global investment app that uses the Bitcoin blockchain to make investing more accessible. Abra makes it fast and easy to manage your investments—all from one app.
- Simple: Easy to use and globally available, Abra’s app makes investing a breeze.
- Secure: Abra is secure and private—backed by blockchain and smart-contract technology—giving investors full control of their funds through non-custodial wallets.
- Fractionalized: Invest in partial shares of traditional and digital assets, starting at $5.
- Global: Trade, store value, and invest in a range of fiat currencies, cryptocurrencies, ETFs, and stocks from 154 countries.
The Future of Investing
Historically, investing in equities has been a key to building personal wealth, and Abra’s technology allows more people around the world to access the same types of investments, no matter their location or income.
A survey of Abra users shows the democratization of investing in action:
Affordability: Most Abra users have roughly US$50 in their portfolios.
Security: Abra users enjoy privacy of information and full control of their assets.
Accessibility: A top priority for Abra users, they are able to invest in financial markets and expensive equities worldwide.
With its intuitive, global platform, Abra has introduced the future of investing for everyone.
“For the first time, we can truly democratize access to investment opportunities at global scale.”
—Bill Barhydt, CEO of Abra
Everything You Need to Know About In-Situ Mining
There is a little know method of mining that does not move a rock, In-Situ Mining. Visual Capitalist outlines the process of mining in this unique way.
Everything You Need to Know About In-Situ Mining
How do you mine without moving a rock?
When most people think of mining they think of massive open pits or deep and winding underground tunnels. But there is one mining method that does not move a rock and leaves the landscape as is.
Today’s infographic from Excelsior Mining Corp. outlines a unique mining method, In-Situ Recovery “ISR”, also known as In-Situ Mining.
An Intro to In-Situ Mining
ISR is not a recent innovation in the mining sector. In fact, ISR has been used for the past 50 years in uranium mining, and 48% of the world’s uranium gets mined this way. Uranium is not the only mineral it can extract; there is also silver, copper, and sometimes gold.
ISR involves dissolving a mineral deposit in the ground and then processing it at surface, all without moving any rock. It is cost effective and environmentally friendly.
But if this method is so great, how come more companies do not mine this way?
The Right Geology
ISR is not widely used because the geological conditions have to be just right. There are few locations around the world that meet the following criteria:
- Highly permeable ore body. In the case of copper, the ore body must be naturally broken, fractured and permeable.
- Mineable. The target mineral must be soluble with the right fluid, typically a weak acid.
- Under the water table. The mineral deposit must be below the water table to allow for the movement of fluids throughout the ore body.
If geologists can find these conditions and it is a large enough mineral deposit, it is time to mine.
The ISR Process
Once the right conditions are met and drill holes are sunk into the ore body, mining can begin.
- Leaching solution is pumped through injection wells
- The solution moves through the naturally fractured rock and leaches the copper
- Recovery wells extract the copper-rich solution
- Solution is pumped to the surface to the plant for processing
- Copper is extracted from the solution to create pure copper sheets
- Mining solution is recycled back to the well field
Once an area is mined, the wells are flushed with water to clean out any remaining leaching solution. Meanwhile, the surface is returned back to pre-mining conditions, allowing it to be used for any purpose in the future.
Advantages of In-Situ Mining
The environmental advantages are clear, including: minimal noise, dust, or greenhouse gas emissions, along with minimal visual disturbance. In addition, it also lowers capital and operating costs while creating a safer environment for mine workers.
Too bad not all mines can operate without moving a rock.
Markets6 months ago
The Jeff Bezos Empire in One Giant Chart
Maps8 months ago
Mercator Misconceptions: Clever Map Shows the True Size of Countries
Advertising5 months ago
Meet Generation Z: The Newest Member to the Workforce
Misc8 months ago
24 Cognitive Biases That Are Warping Your Perception of Reality
Advertising4 months ago
How the Tech Giants Make Their Billions
Technology6 months ago
The 20 Internet Giants That Rule the Web
Environment5 months ago
The World’s 25 Largest Lakes, Side by Side
Chart of the Week6 months ago
Chart: The World’s Largest 10 Economies in 2030