TAMPA, Fla.--(BUSINESS WIRE)--As Neutra Corp. (OTCBB: NTRR) prepares new products to service one of the nation’s fastest-growing nutraceutical industries, the market for cannabis and ancillary businesses continues to grow across the U.S. This week, the Minnesota Senate passed a bill Tuesday legalizing medicinal cannabis as the state draws closer to joining 21 other states and the District of Columbia in allowing use of the herb for medical or recreational purposes.
While Minnesota is the latest state to pass medical cannabis legislation, it is far from the only state considering new laws related to the herb. Florida, Alaska, New York and others appear primed to increase access to cannabis, with more states to potentially follow.
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.
In order to share in such extraordinary growth, companies such as NTRR are developing 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.
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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