SAN JOSE, Calif.--(BUSINESS WIRE)--As Green Technology Solutions Inc. (OTCBB:GTSO) investigates opportunities in the robust U.S. cannabis market as part of the Company’s bold new course, the federal government is growing larger quantities of the herb in response to projected higher demand from researchers.
The Drug Enforcement Association (DEA) is allowing the National Institute on Drug Abuse (NIDA) to increase its annual cannabis production from 21 kg to 650 kg in order to meet current and anticipated research needs. NIDA is studying cannabis for a variety of projects.
With 23 states and the District of Columbia currently allowing the sale of medical cannabis, market projections have rocketed to in excess of $8 billion by 2018. With legislation continuing for the legalization of non-medicinal cannabis in a number of additional states, the cannabis industry appears poised to realize even more growth.
“This initiative by the federal government is evidence this market is sustainable and has the potential to produce exponential revenues,” GTSO CEO Wallace W. Browne said. “We are excited about the possibilities this sector offers our Company and its investors.”
Green Technology Solutions, Inc., plans to introduce new products and services that will enable it to compete in a booming marketplace alongside Cannabis Sativa, Inc. (OTCBB:CBDS), Terra Tech Corp. (OTCBB:TRTC), Agritek Holdings Inc. (OTCBB:AGTK), Medbox, Inc. (OTCBB:MDBX) and more.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. is a growth-oriented company exploring the growing market for resources, including but not limited to rare earth elements, precious metals and herbal supplements. For more information, please visit http://www.gtsoresources.com/investors.html.
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