GTSO: U.S. Medical Cannabis Opportunities Growing at Exponential Rate
December 11, 2014 at 05:00 AM EST
As pro-cannabis legislation continues to pass the number of states with medical cannabis dispensaries in the U.S. has more than doubled over the last three years. The boom in the medical cannabis industry is good news for Green Technology Solutions, Inc. (OTCBB:GTSO) as the company continues to make its footprint in the processes and services niche of the multi-billion dollar industry.
A Marijuana Business Daily study shows that by the end of this year almost 50 percent of the U.S. population will live in states with existing medical cannabis dispensaries. That is a dramatic increase from 2011, when just 22 percent of residents lived in states with existing dispensaries. The dramatic increase in dispensaries is good for business, as the medical cannabis industry is projected to reach $2.6 billion in revenues this year.
“This is an exciting time for the U.S. cannabis industry as growth is virtually guaranteed as more legislation passes and the use of medical cannabis is increasingly embraced by the mainstream,” GTSO CEO Wallace W. Browne said. “We foresee this market continuing its forward momentum. Toward that end, we feel our company is in a position to capitalize on this market as our innovative array of processes and services we provide have the potential to produce significant revenues for the company and our investors.”
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/.
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 future 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.