TAMPA, Fla.--(BUSINESS WIRE)--With the U.S. marketplace for legal cannabis expected to continue its unprecedented growth this year, the regulated marijuana growers and sellers are encountering new challenges that Neutra Corp. (OTCBB:NTRR) is working on innovative technologies to solve.
2014 has already been a landmark year for marijuana reform in the U.S., with Colorado businesses racking up more than $5 million in sales in only the first week of legalized cannabis in the state. Taxed and regulated marijuana is coming soon to Washington state, too, with others such as Rhode Island, Alaska, Arizona and California making strides toward their own new cannabis legislation.
“Since the Justice Department set a precedent last year by allowing the first new state marijuana laws to go into effect, the floodgates are now open,” said NTRR CEO Sydney Jim. “More states are now set to legalize this medication—some of them soon. Analysts are predicting that this will grow into a $10 billion industry by 2018.”
NTRR is working to capitalize on rising public demand by creating innovative new solutions for the growing industry. Alongside partner Vertigo Technologies, Ltd., the company is developing a turn-key solution for indoor horticulturalists that includes all of the equipment necessary to grow strong, healthy plants as well as complete pre- and post-production prep work. All equipment would come pre-sterilized with anti-microbial coatings, eliminating the need for pesticides and antibiotics.
It’s a product that could soon make setting up a successful indoor grow faster and easier than ever before—a breakthrough with clear implications for the booming U.S. cannabis industry.
Neutra Corp. is dedicated to commercializing innovative, all-natural products to compete in a fast-growing wellness sector alongside Cannabis Science, Inc. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Terra Tech Corp. (OTCBB: TRTC).
About Neutra Corp.
Neutra Corp. is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products and services as well as protective, anti-microbial coatings for indoor and outdoor surfaces. For investing information and performance data, please visit www.neutracorp.com.
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