GTSO Explores Cannabis Partnerships and Opportunities in Colorado’s Green Rush
December 17, 2014 at 05:00 AM EST
Green Technology Solutions, Inc. (OTCBB:GTSO) dispatched representatives to meet with cannabis dispensary owners in Colorado last week as the company aggressively researches new partnerships and opportunities to capitalize on the budding multi-million dollar medical cannabis sector.
Colorado, one of two U.S. states that allows the legal use of recreational cannabis, recorded over $34 million in sales of recreational cannabis in August, an almost $5 million increase from the previous month. Looking to capitalize on the substantial growth that cannabis providers are experiencing in Colorado, GTSO performed its due diligence as delegates met with multiple large recreational medical cannabis dispensary owners to get a better gauge on new market opportunities.
"CannaBusiness in Colorado is experiencing phenomenal month-over-month success, and we felt it was imperative to go there to investigate opportunities for GTSO and get an up-close look at what they are doing to be so successful,” GTSO CEO Wallace W. Browne said. “We have begun talks with dispensaries about potential partnerships and some of the innovations we offer to reap even more rewards from this exploding market. The U.S. cannabis industry has already reached $2.6 billion this year, and we expect demand for services, products and processes such as the ones we can provide to skyrocket over the next 12-18 months."
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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