GTSO: Experts Predict Oregon Cannabis Industry Will Be Worth Nearly $500 Million in Five Years

SAN JOSE, Calif.--()--As Green Technology Solutions, Inc. (OTCBB:GTSO) readies new products and services for entry into Oregon’s adult-use cannabis market, experts now say that the state’s cannabis industry could be worth nearly $500 million by 2020.

Inc. reported last week that New Frontier, a big-data provider for the cannabis industry, predicted that Oregon will have generated $257 million in cannabis sales by the end of the year. The company forecasts that figure to rise to $464 million by 2020—a number rivaling the $700 million brought in last year by Colorado, the top cannabis market in the U.S.

“Low barriers to entry into this marketplace are what we believe will drive Oregon’s rapid rise,” said GTSO CEO Wallace W. Browne. “Low fees and taxes are going to make this state a very friendly environment for cannabusinesses.”

GTSO has big plans for Oregon and other top cannabis markets across the U.S. The company signed a letter of intent last month to acquire innovative cannabis edibles developer Elevated Industries in order to deliver new edible products tailored to increasingly sophisticated cannabis businesses and consumers in Colorado. GTSO is also catering to the rapidly growing business-to-business sector of the state’s cannabis economy by working to establish a trusted and reliable cannabis testing lab to help ensure that retailers and their patients can be sure of exactly what they are purchasing.

As the nationwide market for cannabis continues to grow, GTSO plans to keep building new tools to help wholesalers and retailers guarantee their edible products’ potency, consistency and safety to their customers.

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.

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: Experts Predict Oregon Cannabis Industry Will Be Worth Nearly $500 Million in Five Years

Contacts

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