TAMPA, Fla.--(BUSINESS WIRE)--Impressive sales growth from Colorado’s cannabis businesses has more states weighing potential legalization, potentially leading to large-scale market growth for support-industry companies including Neutra Corp. (OTCBB: NTRR).
Retail shops sold $22 million worth of cannabis and related products in April, an increase of about 13 percent from March and more than 50 percent from January, according to the latest tax figures released by the state. Additionally, more recreational stores received their operational licenses: nearly 190 retail shops were open on April 1 across the state, according to a report from Marijuana Business Daily.
That’s good news for NTRR, which is marketing and developing new technologies to assist both growers and patients in the nation’s rising medical cannabis sector. Colorado’s early success in regulating cannabis and reaping the tax benefits are certain to encourage more states to consider changes to their own laws.
NTRR is working to capitalize on the dramatic market growth by developing new ancillary technologies. Alongside partners Vertigo Technologies, NTRR 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 in approved markets, Neutra Corp. plans to enjoy 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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