MMJ Sales Forecast Surpassed in Key Market
MMJ Sales Forecast Surpassed in Key Market
SARASOTA, Fla.--(BUSINESS WIRE)-- As Neutra Corp. (OTCBB: NTRR) works to deliver new products and services to a medical marijuana (MMJ) industry hungry for innovation, cannabis sales have seen a massive increase in one of the country's top markets.
Annual MMJ sales in Colorado surged mightily over the past year, growing to an estimated $300 million. When the numbers for 2013's final fiscal quarter are tallied, the state could see a 37-percent increase over last year's sales. According to reporting by MMJ Business Daily, the average dispensary in Colorado is now raking in $600,000 in annual sales, more than double the average in 2012.
"As MMJ products and services become more reliable and consistent, we see unlimited growth potential in Colorado, California and other superior markets," said NTRR CEO Sydney Jim. "Sales via dispensaries have quadrupled in Colorado since 2010. The only problem has been getting enough product into those dispensaries.
"That's a problem we look forward to helping solve," he added.
NTRR is currently exploring a number of promising innovations throughout the MMJ supply chain. Thanks to joint ventures with emerging California firms Vertigo Technologies, LLC, Second Wave Ventures, LLC, and Field of View Technologies, LLC, NTRR is on the cusp of delivering potentially lucrative new advancements in the processing and usage of cannabis in approved markets.
By providing game-changing products and services related to MMJ, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Terra Tech Corp. (OTCBB: 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. 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. For investing information and performance data, please visit www.neutracorp.com.
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 California Colorado Florida
INDUSTRY KEYWORDS:
The article MMJ Sales Forecast Surpassed in Key Market originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
