SAN JOSE, Calif.--(BUSINESS WIRE)--With more and more states forecast to follow the examples of Colorado and Washington, Green Technology Solutions, Inc. (OTCBB: GTSO) is developing a new business strategy to capitalize on the dramatic rise in popularity of cannabis edibles: foods infused with the plant’s therapeutic ingredients.
Last year, cannabis edibles made up almost half of the Colorado cannabis market, and experts believe that the nationwide edibles market will expand dramatically in the coming years.
“The reasons why so many consumers are turning to edibles are simple,” said GTSO CEO Wallace W. Browne. “They allow cannabis users to take their medication discretely, in a smoke-free and often delicious way. But there are drawbacks to edibles, as well. Our company sees that as a major opportunity.”
Those drawbacks include difficulty in safely sterilizing edibles kitchens, problems predicting the onset of the THC’s effects, and issues measuring and portioning the desired amount of THC for each user. Many adult patients also worry about children accidentally consuming cannabis edibles. Reports have surfaced in Colorado and elsewhere of an uptick in child and adult emergency-room visits related to overconsumption of cannabis edibles.
GTSO is currently working to develop innovative new technologies and marketing ideas to capture a share of the booming edibles industry by helping to lessen or eliminate these drawbacks.
“The bottom line is that consumers want to know what they are getting, and they want to know that their preferred products won’t harm them,” Browne said. “We are now pursuing deals with the potential to revolutionize the marketplace for edibles.”
GTSO has already begun to acquire and develop new assets and partnerships in the rapidly growing industry. The company has acquired emerging horticultural innovator Mother Parker’s Soil and formed a joint venture with cannabis edibles developer Elevated Industries in order to deliver new products tailored to cannabis businesses and consumers. The company will continue to scout for new opportunities to acquire the “next big thing” in America’s next big industry.
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 GW Pharmaceuticals (OTCBB: GWPRF), INSYS Therapeutics, Inc. (NASDAQ: INSY) and ENDEXX Corp. (OTCBB: EDXC) and others in a booming industry expected to be $10 billion by 2018. A growth-oriented company, Green Technology Solutions Inc. (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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