GTSO: Popularity of Cannabis Edibles Continues to Rise

SAN JOSE, Calif.--()--Across the country, the market for cannabis edibles is booming—but some consumers and regulators still have concerns about the THC-infused foods. Green Technology Solutions, Inc. (OTCBB: GTSO) is working to deliver superior new edibles products that are more reliable and delicious than ever before.

The market for edibles has exploded as medical cannabis legalization has spread across the U.S. in 23 in states, from Hawaii to Maine. In four states, cannabis is permissible for all adults over 21. The leading marketplace for edibles is in Colorado, which legalized recreational cannabis in 2012 and has had medical marijuana since 2000. Last year, consumers there bought 5.8 million infused edibles and concentrate products, according to the Colorado Department of Revenue Annual Update.

Many edible products, however, may be mislabeled regarding their actual potency, recent studies have shown. In some states, regulators want to ban edibles that too closely resemble non-medicated foods. GTSO is working to solve these issues as it works to help develop a new line of edible products.

GTSO formed a joint venture with innovative cannabis edibles developer Elevated Industries last year in order to deliver new products tailored to increasingly sophisticated cannabis businesses and consumers in Colorado and beyond. Now, the debut suite of products to be developed and marketed by the JV is approaching its launch date. The company has plans to roll out these products in Colorado, Oregon and other U.S. markets before launching in Canada, as well.

“Edibles are such a new industry that a great deal of innovation is yet to come,” said GTSO CEO Wallace W. Browne. “We want to be on the cutting edge of this fast-growing new market.”

As the 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.

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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: Popularity of Cannabis Edibles Continues to Rise

Contacts

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