Source: Neutra Corp, Press Release Oct 10 2014
The state of New York appears to be on track to approve legislation making it the third—and largest—state to legalize cannabis for recreational use. That’s good news for Neutra Corp. (OTCBB: NTRR) as the company prepares to release innovative new products into the fast-growing U.S. cannabis market.
The Huffington Post reported this month that the state of New York could legalize marijuana for recreational use as early as 2015. State Sen. Liz Krueger (D) will reintroduce the Marijuana Regulation and Taxation Act during the next legislative session, which begins in January.
If successful, the legislation could make New York the nation’s biggest cannabis market for recreational use. New York’s medical cannabis program is expected to be up and running by January 2016.
“We believe that New York is poised to embrace cannabis, and we are not alone,” said NTRR CEO Chris Brown. “Many political experts say that the state, one of the nation’s largest by population, will adopt legislation in favor of recreational cannabis sooner rather than later. We plan to be ready when it does.”
NTRR is working to capitalize on the nationwide wave of cannabis decriminalization and legalization by offering new advances in nutraceutical cultivation and delivery. The company is working to assist partner Vertigo Technologies in delivering a turn-key solution for indoor horticulturalists that could help revolutionize an industry in which year-round yields and speedy production are especially crucial to business.
By providing a variety of new technologies designed to ensure safer, more reliable access to cannabis in approved markets, Neutra Corp. plans to compete alongside Cannabis Science, Inc. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Vape Holdings Inc. (OTCBB: VAPE), 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.
Source: Business Wire (October 9, 2014 – 10:30 AM EDT)