Neutra Corp. understands cannabis is among the fastest-growing markets in the U.S., statistically positioned to outpace the expansion of the global smartphone market, thus, the company is putting in place a diverse product line to capitalize on that growth.
As reported by the Huffington Post in November 2013 on a publication by Arcview Market Research which surveyed hundreds of medical cannabis retailers, processors, dispensary owners, and industry leaders over the course of six months, it is estimated that more than $1.43 billion worth of legal marijuana was sold in 2013 and predicted that figure will grow by 64 percent to $2.34 billion this year.
Comparatively, recent figures show that the smartphone market expanded by 46 percent from 2012 to 2013.
“Virtually no domestic market is growing as quickly as cannabis,” said NTRR CEO Sydney Jim. “That’s why entrepreneurs and investors are flocking to this industry. We’re very enthusiastic about the gains predicted for this sector, and we’re working hard to provide new innovations to make the industry less harmful, more predictable and more profitable.”
Also within Huffington’s report, the publication predicts that 14 more states will legalize cannabis for recreational adult use in the next five years. As a result of this growth the data pushes towards creating a $10.2 billion market by 2018. Seizing the opportunity, NTRR is working alongside innovative partners to deliver first-of-its-kind solutions for cannabis growers, patients, and retailers. The company is developing a diverse line of products for each niche in the marketplace in order to capture the largest share possible of the fast-growing market.
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 companies such as Cannabis Science, Inc., GW Pharmaceuticals, plc and CannaBusiness Group, delivering advancing technologies in the development and processing of cannabis in approved markets.
For more information about the company visit www.neutracorp.com
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