GTSO: Demand Drives Cannabis Market Growth to $10 Billion

SAN JOSE, Calif.--()--As Green Technology Solutions, Inc. (OTCBB:GTSO) investigates opportunities in the fast-growing U.S. medical cannabis industry, a recent report indicates legislation in the nation’s preeminent state for medical cannabis could produce even more gains in an already booming multi-billion dollar market.

California, which in 1996 was the first U.S. state to legalize cannabis for medicinal reasons, has the largest medicinal cannabis market at $980 million. If backers are successful in getting a legalization measure on the 2016 ballot in California, a cannabis gold rush could be in store. SF Weekly reports the demand for recreational cannabis in California alone could exceed $2.1 billion.

“The medical cannabis industry continues to experience substantial growth, and when legislation passes to legalize recreational use of cannabis in California, the market will increase dramatically,” GTSO CEO Wallace W. Browne said. “This is a growth industry with enormous opportunities to capitalize whether it be through ancillary businesses and/or services.”

With medical and recreational cannabis currently available in 23 states, ArcView Group, a San Francisco-based cannabis research and investment firm, projects the U.S. cannabis market could exceed $10 billion within the next five years.

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.

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.

Contacts

Green Technology Solutions, Inc.
Wallace W. Browne, 408-432-7285
President and CEO
info@gtsoresources.com

Release Summary

GTSO: Demand Drives Cannabis Market Growth to $10 Billion

Contacts

Green Technology Solutions, Inc.
Wallace W. Browne, 408-432-7285
President and CEO
info@gtsoresources.com