As the testing and design phases of development draw to a close, Green Technology Solutions, Inc. (OTCBB: GTSO) and its joint venture partner, Elevated Industries, announced today that they are preparing four different and delicious treats for the billion-dollar U.S. cannabis edibles market.
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 nearly ready for retailers.
“We initially planned to deliver one or two new edibles products to start, but interest has been so overwhelming that we’ve decided on four, instead,” said GTSO CEO Wallace W. Browne. “Our market research and business meetings within the Colorado cannabis industry has led us to some exciting new ideas, and Elevated Industries has been working overtime to execute them.”
Colorado shocked industry observers when the state’s Marijuana Enforcement Division announced that more than five million edibles products were sold in 2014. Edibles made up almost half of the Colorado cannabis market, and many experts believe that the nationwide edibles market will expand dramatically in the coming years.
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.