GTSO Pursues New Opportunities in Exploding Medical Cannabis Edibles Market
December 30, 2014 at 05:00 AM EST
Continuing the Company’s bold path into the multi-billion dollar cannabis industry, Green Technology Solutions, Inc. (OTCBB:GTSO) announced today it has signed a joint venture agreement with a Canada-based company that has unique formulations for frozen confections that can be used in the booming $1.7 billion United States medical cannabis market.
The proprietary recipes and know-how GTSO’s new joint venture partner provides are expected to open up a niche market when they are combined with medical cannabinoids for use in the medical marijuana industry. The partnership offers GTSO access to the emerging medical cannabis edibles segment that is enjoying massive growth. According to the Colorado Cannabis Chamber of Commerce, edibles account for 45 percent of the legal cannabis market.
As legislation continues to pass permitting the use of medical cannabis in an increasing number of U.S. states — now totaling 23 and the District of Columbia — GTSO is investigating all avenues to realize potential profits and capitalize on the fast growing medical cannabis ancillary markets.
“The medical cannabis edibles market is gaining tremendous momentum and has the potential to enjoy long-term sustainability, which is why we are examining opportunities to enter this market segment,” GTSO CEO Wallace W. Browne said. “This joint venture partner is an unquestioned innovator of frozen medical cannabis confections that we believe will be wildly popular in the U.S. and have the potential to produce substantial profits.”
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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