SAN JOSE, Calif.--(BUSINESS WIRE)--Alongside its joint venture partner, Elevated Industries, Green Technology Solutions, Inc. (OTCBB:GTSO) is now engaged in talks to form a new industry association to provide certification, regulation and overall credibility to the rapidly rising cannabis edibles industry in North America.
Elevated Industries is a Canada-based company that owns unique formulations for frozen confections infused with cannabis extracts. GTSO formed a joint venture with Elevated Industries late last year to market and develop innovative new edibles products for the booming medical and adult-use cannabis markets sprouting up across the continent.
GTSO CEO Wallace W. Browne said this week that the company will focus on building an edibles industry association first in Canada, where Elevated Industries has numerous contacts in the sector, before expanding it into the United States.
“As more and more legal cannabis marketplaces crop up, concerns about edibles are growing,” Browne said. “There is very little consistency in their potency, distribution and regulation, and many people still don’t trust these products. That’s why we’re now working to bring together those who are making responsible, ethical, healthy edibles to come up with our own rules, responsibilities and governance to build some trust and credibility in this industry.”
As legislation continues to pass permitting the use of cannabis in select markets across North America, GTSO is investigating all avenues to realize potential profits and capitalize on the fast-growing cannabis ancillary markets.
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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