MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--As Neutra Corp. (OTCBB: NTRR) prepares to deliver new horticultural innovations to market, a new wave of investment capital is flooding into the U.S. cannabis industry.
Twenty-three states and the District of Columbia allow medical cannabis, with two states, Washington and Colorado, allowing recreational use of the herb. Combined recreational and medical cannabis sales in the U.S. are projected by Marijuana Business Daily to reach $8 billion a year by 2018. That number could rise even higher if more states legalize cannabis or federal laws change.
Huge figures like that are attracting private equity firms ready to invest in cannabis. Federal law prohibits banks to do business with cannabis entrepreneurs, prompting investment firms to fill the void. Firms such as Privateer Holdings Inc. are now raising millions for investment in the cannabis sector, with others, such as KindBanking, providing equity financing, convertible debt and other services.
“Investors are lining up to be a part of this industry because its projected growth is enormous,” said NTRR CEO Sydney Jim. “We are preparing new products to capture a slice of that growth, too.”
Alongside partners Vertigo Technologies, NTRR also plans to deliver a turn-key solution for indoor horticulturalists that can be used to produce any number of indoor crops, but could be especially useful for growers in Colorado and other booming horticultural markets for whom high yields and speedy production are especially crucial to business.
By providing new technologies designed to ensure safer, more reliable access to cannabis and other nutraceuticals in approved markets, Neutra Corp. is working to achieve unprecedented growth in 2014 alongside Cannabis Science, Inc. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Terra Tech Corp. (OTCBB: TRTC), 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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