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  • Neutra Corp. (NTRR) And Medical Marijuana Industry Benefiting From New Federal Guidelines On Banking 0 comments
    Feb 19, 2014 10:31 AM | about stocks: NTRR

    Neutra Corp., a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, continues in its efforts to bring-to-market new products for the fast-growing medical marijuana industry. The company, and the medical marijuana industry as a whole, are benefiting from new guidelines issued by the federal government that enable state-regulated marijuana businesses to enjoy easier access to financial services and institutions.

    Until this point, medical marijuana businesses in the twenty states and Washington DC where medical marijuana has been legalized had been compelled to only deal in cash. Financial institutions within these areas had been reluctant to serve these businesses due to legal risks associated with their service, thereby cutting off the businesses' accessibility to more convenient financial products and services.

    On Friday, the U.S. government issued new regulations that increase financial institutional accessibility to medical marijuana business licensed and regulated by their respective states. Many onlookers are pointing to this development as proof of the growing acceptance and normalization of cannabis in the American marketplace.

    "These federal guidelines are a direct result of the overwhelming demand for medicinal marijuana," said NTRR CEO Sydney Jim. "This is a thriving new market that is simply too large, too popular, and too profitable to remain shut out of the banking industry. With these new rules in place, we fully expect to see growth accelerate in this sector."

    This week, Neutra Corp. announced that it had acquired Diamond Anvil Designs, a cutting-edge developer of smoke-free nutraceutical delivery systems that can be adapted to deliver a variety of substances, including dry herbs, oils, and waxes. With this acquisition, Neutra Corp. is looking to bring-to-market a new, customizable vapor pen that will be of great customer value.

    For more information, visit: neutracorp.com

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: NTRR
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