TAMPA, Fla.--(BUSINESS WIRE)--Rapidly evolving laws and enforcement have opened major opportunities in the U.S. cannabis sector for start-ups and small businesses. As new markets continue to emerge, Neutra Corp. (OTCBB: NTRR) is preparing to release new technology to capitalize on the nascent industry’s “gold rush.”
Last year, the size of the legal cannabis industry in the U.S. was $1.5 billion, and industry analysts ArcView predict that figure will reach $2.6 billion this year and $10 billion by 2018. The boom doesn’t end there, though. Chris Walsh, editor of Marijuana Business Daily, told the LA Times in May that ancillary cannabusinesses’ “annual revenue is easily in the hundreds of millions, and likely much more.”
What’s more, the entire industry is dominated by small businesses—both because it is so new and because existing federal cannabis laws have discouraged banks and major corporations from getting involved. The result has been unprecedented opportunity for smaller businesses such as NTRR.
“There is no other industry experiencing such monumental growth that doesn’t have any major, established players jumping in,” said NTRR CEO Sydney Jim. “The little guys are the leaders.”
NTRR is working to become a leader in the new industry by developing new tech products designed to improve herb cultivation and CBD delivery. 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), GW Pharmaceuticals, plc (NASDAQ: GWPH) and CannaBusiness Group, Inc. (OTCBB: CBGI), 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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