Atlanta based roadside assistance provider, Encore Protection, is getting popularity among commercial drivers and fleet managers to provide pay per vehicle roadside assistance programs. The company is offering emergency roadside assistance coverage 24/7 in a year. Encore Protection has a number of roadside assistance programs for commercial vehicles of any size.
It was originally developed as a supplementary benefit for car solution programs to provide emergency roadside assistance coverage to policyholders. But now it has extended warranties involved in stand-alone roadside assistance too.
Encore Protection has partnered with Road America to provide exclusive and affordable pay per vehicle roadside programs for semi-trucks, commercial vehicles, small business fleets, government fleets, and consumer vehicles. The company’s management team has more than 145 years of combined experience in the Commercial Roadside Assistance industry.
It is offering customizable commercial and consumer vehicle roadside assistance programs. Encore Protection is aiming to establish a stable, professional connection with its customers by offering comprehensive pay per vehicle annual roadside assistance program. A large number of businesses are reaching Encore Protection to look after their fleet at the time of vehicle breakdown.
The company is carrying the recovery process intelligently so that the transportation of goods could not be delayed. Every business runs on their vehicles and delay can be truly problematic. Encore Protection is making employees feel secure knowing that they have been covered with a program. It is the number one choice of businesses when it comes to caring for their commercial drivers during a vehicle breakdown.
CBD Products are Providing the Boost to the Cannabis Industry
CBD products on both sides of the Atlantic are growing in popularity and legislators are becoming more friendly toward the sector’s development. US companies like Veritas Farms Inc (OTC: VFRM) are already taking advantage of this trend, proving the potential of CBD market to save the cannabis sector is huge.
Hemp has been known as a medicinal and ornamental plant for thousands of years. However, this does not apply to the broad masses or science. On the contrary, hemp is still frequently mentioned in the same breath as illegal drugs such as THC. For some years now, however, more and more people have known about the active substance cannabidiol (CBD) and its numerous positive properties.
In the meantime, a solid market has established itself, which is constantly growing and has already sold hundreds of millions of dollars in the USA alone. And there is no end in sight – quite the opposite. Only the uncertain legal situation is slowing down the market somewhat.
Like the European authorities, the US Food and Drug Administration (FDA) was initially sceptical about the CBD. However, due to the completely different properties than THC, the FDA now assesses cannabidiol as positive as the EU and a broad market for the dietary supplement has developed on both sides of the Atlantic. In 2018, the CBD market in the USA achieved a total sales volume of USD 367 million. This represents an increase of 40 percent over the previous year. The financial magazine Wallstreet-Online reports conservative estimates that the American CBD market could reach a total volume of 16 billion dollars by 2025.
CBD companies grow fast, just like Veritas Farms Inc
The growth rates of companies specialising in the production and sale of products containing cannabidiol are taking on almost unbelievable dimensions. For example, Veritas Farms Inc (OTC: VFRM), a producer and distributor of high quality full spectrum hemp oil products from Florida founded in 2015, continuously records impressive growth year after year.
According to the company’s announcement of their latest Q3 results, Veritas achieved total revenue of $5,712,085 which is a 347% increase compared to $1,277,914 Year-To-Date 2018. The company’s gross profit went up by 578% to $2,645,905, compared to $390,074 Year-To-Date 2018.
Veritas Farms’ business strategy is what brought them these impressive results. Veritas focuses on delivering high quality products, transparency and honesty. Their customers can check products’ quality anytime on their smartphones, thanks to the QR code packaging system the company released last April.
Honesty and transparency is also what earned the company recently announced deals with Winn-Dixie and Bi-Mart. Their products will be available at over 220 new stores across Florida, South Carolina and the Pacific Northwest.
German market also growing strongly
Financial experts in the Handelsblatt expect a strong increase in sales volumes of CBD-containing products in Germany by 2023. The current volume of 34 million euros is expected to rise to 550 million euros by 2023. The increase in European cultivation areas for special hemp is also impressive. In 2013 the total area under hemp cultivation in Europe was 15,700 hectares, three years later in 2016 it was already 33,000 hectares.
Potential still far from exhausted
The scientific situation seems to be clear: CBD is considered harmless and even an effective alternative to other dietary supplements and active ingredients. The only obstacles to growth – if one can call it that at all in view of the figures mentioned – are still very different legal bases in various countries. A further development of the market could thus be promoted by the establishment of uniform regulations.
It is still a very young market in which the potential is far from exhausted. However, not all countries will be affected by the CBD boom: In Southeast Asia, even the possession of CBD oil with less than 0.2 percent THC can lead to serious criminal consequences.
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