GTSO: Nevada Legislation Offers Exciting Opportunities for U.S. Cannabis Market
December 03, 2014 at 05:00 AM EST
Beginning early next year, Nevada is set to experiment with an innovative new provision that will enable out-of-state medical cannabis patients to purchase the plant in any state dispensary during their stay. The provision, known as “reciprocity,” is a potential game-changer for the U.S. cannabis industry and could pay big dividends for Green Technology Solutions, Inc. (OTCBB:GTSO) and other companies offering products and services for the industry and its ancillary markets.
The potential success of reciprocity in Nevada is staggering considering that state’s booming tourism industry. The Las Vegas Convention and Visitors Authority estimates that nearly 40 million people visit the city annually, while Nevada boasts by far the most hotel rooms per capita in the United States. With scores of new tourists entering the state daily, this new provision affords anyone with a medical cannabis card or recommendation the option to purchase the plant in any Nevada dispensary.
GTSO representatives were recently in Las Vegas for the 2014 Marijuana Business Conference & Expo scouting potential partnerships and opportunities in Nevada. The state’s embracement of reciprocity makes doing business there all the more intriguing.
“The introduction of reciprocity in Nevada has the potential to produce numerous new revenue streams,” GTSO CEO Wallace W. Browne said. “We had many intriguing discussions earlier this month at the Expo in Las Vegas and believe that GTSO-partnered products and processes will soon have a presence in Nevada. Going forward, we expect other major markets and tourism destinations to be impacted by the expected success of reciprocity in Nevada, offering even more potentially lucrative opportunities in the rapidly growing medical cannabis space.”
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc., which provides business support, delivery system products and horticultural technology support, continually introduces new products and services, enabling it to compete alongside Cannabis Sativa, Inc. (OTCBB:CBDS), Terra Tech Corp. (OTCBB:TRTC), Agritek Holdings Inc. (OTCBB:AGTK) and others in a booming industry expected to be $10 billion by 2018. A growth-oriented company, Green Technology Solutions Inc. (OTCBB:GTSO) explores the fast-growing cannabis market for resources, including but not limited to rare earth elements, precious metals and herbal supplements. For more information, visit www.gtsoresources.com/investors/.
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