|[February 27, 2014]
NTRR: 'Tax Bonanza' Could Convince More States to Embrace Cannabis Market
TAMPA, Fla. --(Business Wire)--
A cannabis windfall being labeled a "tax bonanza" for Colorado has more
states investigating legalization, potentially leading to large-scale
market growth for support-industry companies including Neutra Corp.
New Colorado budget numbers predicted last week that cannabis taxes
could add more than $100 million to the state's coffers-far more than
earlier estimates. A budget proposal from Gov. John W. Hickenlooper
estimated that Colorado's cannabis industry could reach $1 billion in
sales in the next fiscal year.
In the state of Washington, where retail cannabis sales will begin this
summer, forecasters estimated last week that cannabis could bring the
state nearly $190 million in taxes for the four-year period beginning in
With the New York times calling these numbers a "tax bonanza" exceeding
expectations, other states around the U.S. are doubtlessly considering
new legislation of their own to capitalize on the growing demand for
cannabis. That's good news for NTRR, which is marketing and developing
new technologies to assist both growers and patients in the nation's
rising medical cannabis sector.
Alongside partners Vertigo Technologies, NTRR is working to deliver a
turn-key soution for indoor horticulturalists that can be used to
produce any number of indoor crops, but could be especially useful for
growers in Colorado and other booming horticultural markets for whom
high yields and speedy production are especially crucial to business.
Earlier this month, NTRR acquired Diamond Anvil Designs (DA), a
cutting-edge developer of customizable vapor pens that can be adapted to
deliver a variety of nutraceutical substances, including dry herbs, oils
By providing 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), Medical Marijuana Inc. (OTCBB: MJNA) and Terra Tech Corp. (OTCBB:
TRTC), 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.
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 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.
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