NTRR: $1.7 Billion Medical Marijuana Market Continues Expansion
NTRR: $1.7 Billion Medical Marijuana Market Continues Expansion
SARASOTA, Fla.--(BUSINESS WIRE)-- Neutra Corp. (OTCBB: NTRR), a provider of all-natural wellness solutions, welcoms a new law passed in Nevada last week allowing medical marijuana (MMJ) patients to obtain their medicine from dispensaries at last. As more states rush to join them, many analysts predict that the $1.7 billion U.S. MMJ market will quadruple in size over the next five years.
That's good news for NTRR. As the company works to deliver new MMJ innovations to patients in need, the market for those innovations is growing larger every day. Nevada becomes the 14th state to legalize medical marijuana dispensaries, and it's one of 19 states plus the District of Columbia where medical marijuana is now available.
"As voters and state legislators across the U.S. come together to end the prohibition on medicinal cannabis, the demand for new and effective MMJ treatments and technologies will skyrocket," said NTRR CEO Sydney Jim. "We plan to have NTRR well-positioned to capture a piece of the incredible growth that's already beginning."
NTRR continues to target potential industry partnerships in order to achieve its aggressive expansion goals for 2013. Last week, the company announced that it has signed a letter of intent with Vertigo Technologies, LLC, to help deliver new innovations that could slash the time and work required to prepare medicinal cannabis for dispensary shelves.
By providing innovative products and services related to MMJ, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (CBIS), Medical Marijuana Inc. (MJNA) and Terra Tech Corp. (TRTC), enabling technological advancements in the cultivation and processing of cannabis in approved markets.
For more information on NTRR's initiatives, please visit www.neutracorp.com.
About Neutra Corp.
Neutra Corp. (www.neutracorp.com) is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products and services as well as protective, anti-microbial coatings for indoor and outdoor surfaces.
Notice Regarding Forward-Looking Statements
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 future 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.
Neutra Corp.
Sydney Jim, 813-367-2041
President and CEO
info@neutracorp.com
KEYWORDS: United States North America Florida
INDUSTRY KEYWORDS:
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