Exploring the Potential of CBD for Pets in Australia: Legalities, Benefits, and Market Outlook

The medicinal cannabis market in Australia is on the rise, with plans to grow, retail, and export cannabidiol (CBD) to a growing market. While CBD is commonly used as a medicinal aid for people, its benefits for pets are also gaining attention.

In Australia, products containing low doses of CBD are considered safe and legal, as long as they are approved by the Australian Register of Therapeutic Goods (ARTG). Although no product has been approved yet, the reclassification of CBD from a prescription medicine to an over-the-counter medicine has opened up new possibilities for pet owners.

Pet owners looking to use CBD for their furry friends will need a prescription from their vet, ensuring that the product meets specific conditions. Businesses like CBD Vets Australia have been established to help facilitate this process.

CBD is believed to help pets with a variety of conditions, including epilepsy, arthritis, stress, anxiety, chronic pain, and nausea. As the market for CBD pet products in Australia is still in its early stages, more research is needed to fully understand its effects on animals.

The growth of the medicinal cannabis market in Australia has been significant, with a 50 percent increase in active human patients using CBD products from Q1 2021 to Q3 2021. This growth could potentially extend to the pet niche in the future, making it an area of interest for investors.

Overall, the outlook for CBD pet products in Australia is promising, with the potential for significant growth in the coming years. Stay tuned for more updates on Australia’s CBD market and follow @INN_Australia for real-time updates.