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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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Sydney Jim, 813-367-2041
President and CEO