- Earth Science Tech plans to enter the CBD beverages market through the development of its own full-spectrum CBD drink
- The product is developed on the basis of a University of Central Oklahoma Provisional Patent
- Industry experts predict rapid growth of the CBD beverages market, which is still in the early stages of development and offers excellent opportunities
Earth Science Tech, Inc. (OTCQB: ETST) announced that it has started work on the formulation of a full-spectrum CBD beverage. The biotech company that focuses on CBD, pharmaceutical and nutraceutical products will be utilizing its University of Central Oklahoma Provisional Patent to develop the formulation, aimed at enhancing immune system function (http://nnw.fm/L4s2g).
The High Grade Full Spectrum Cannabinoids beverage is the result of positive results derived from clinical trials in 2015 run jointly with the University of Central Oklahoma. The studies focused on the positive effects CBD can have on strengthening immune response.
Currently, Earth Science Tech is putting effort in the development of the right beverage formula and in the selection of a bottling option.
According to Earth Science Tech CEO and CSO Michael Aube, the beverage taps into the immune-stimulating, antioxidant and anti-psychotic effects of CBD. It has the exact opposite effect to THC, which is psychoactive and addictive.
“At Earth Science Tech we focused on full spectrum cannabinoids derived from industrial hemp that contains extremely low to no THC since THC is psychoactive causing dependency and mental illness in young individuals,” Aube said in a news release. “This means that all our products are beneficial for recreational marijuana consumers because it helps them to balance their intake of psychoactive and anti-psychotic cannabinoids. Our cannabinoid products help counter the side effects of THC in addition of having itself other interesting biological activities like anti-inflammatory and antioxidant properties.”
The World Health Organization (WHO) confirms the wide array of CBD benefits. After reviewing numerous studies, WHO’s Expert Committee on Drug Dependence concluded that CBD does not have effects indicative of abuse potential (http://nnw.fm/sJfv3). In addition, it could be a suitable treatment for epilepsy, depression, anxiety, Parkinson’s disease and Alzheimer’s disease. Its well-established anti-inflammatory properties could contribute to several additional health advantages.
Forecasts suggest that the CBD beverages market could reach $260 million by 2022 (http://nnw.fm/j4bQZ). This is one of the reasons why numerous large beverage manufacturers are currently looking into opportunities to begin the development of drinks that feature CBD as one of the main ingredients.
The overall CBD market is on the road to rapid expansion, as well. Hemp-derived CBD sales are expected to reach $591 million this year and may grow exponentially, to $22 billion by 2022, if the 2018 Farm Bill passes, according to Brightfield Group research cited by Cannabis Business Times (http://nnw.fm/Gt93J). The 2018 Farm Bill would remove hemp from the Controlled Substances Act, which would allow CBD to be legally sold in all states.
The cannabis beverages market is still in the initial stages of development, ETST President, Director and Chairman Nickolas S. Tabraue noted in a news release. With forecasts for exponential growth, Earth Science Tech is positioned for success in the years to come.
Earth Science Tech is a Florida-based biotechnology company that focuses on cannabis, CBD research, product development and the creation of medical devices. Currently, the company offers high purity full spectrum CBD oil. Through its partnership with the University of Central Oklahoma, the company has established the immune stimulating effects of CBD, as well as its potential for the provision of positive results in breast cancer cases.
For more information, visit the company’s website at www.EarthScienceTech.com
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