TAMPA, Fla.--(BUSINESS WIRE)--As Neutra Corp. (OTCBB: NTRR) prepares new products to service one of the nation’s fastest-growing nutraceutical markets, new industry growth estimates point to a bright future for the company.
U.S. retail cannabis sales will rise more than five-fold over the next five years, according to new financial data released in the 2014 edition of the Marijuana Business Factbook. Such predicted growth would take the industry from an estimated $2.2 billion this year to $8.2 billion in 2018.
That’s tremendous news for companies such as NTRR that are developing the breakthrough technologies poised to make the cultivation and delivery of nutraceuticals including cannabis easier and more reliable than ever before. Alongside its partners, NTRR is working to present cutting-edge horticultural equipment, all-natural antimicrobial solutions and smoke-free delivery methods to cannabis’ booming ancillary marketplace.
“$8.2 billion is a huge number, but it doesn’t tell the whole story,” said NTRR CEO Sydney Jim. “There are billions of dollars more in revenues being generated by growing equipment, delivery devices and other ancillary business, and we are actively working to capture a growing share of that marketplace.
“Needless to say, we’re very optimistic about the future,” he added.
By providing a variety of new technologies designed to ensure safer, more reliable access to cannabis in approved markets, Neutra Corp. plans to enjoy unprecedented growth in 2014 alongside Cannabis Science, Inc. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Vape Holdings Inc. (OTCBB: VAPE), delivering technological advancements in the cultivation and processing of cannabis in approved markets.
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. For investing information and performance data, please visit www.neutracorp.com.
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