As marijuana is now legal for medicinal use in several U.S. states and consumers inclination towards cannabis foods is on rise, Green Technology Solutions Inc (OTCMKTS:GTSO) said that measures are underway to initiate testing process of new edibles recipes. The market of cannabis edibles is growing at a fast pace and it was evident when the Marijuana Enforcement Division disclosed that over five million cannabis foods were sold in 2014. They constitute 50% of the cannabis industry in Colorado. The industry experts expect that the cannabis edibles industry will witness strong growth in the coming years.
The cannabis foods have numerous benefits, especially for patients. They can get several medicinal benefits in form of delicious edibles. However, it is important to remember that cannabis edibles have their own set of problems. It is the prime reason Green Technology is devoting more time on development of new cannabis edibles recipes. The new range will be more reliable, beneficial and irresistible compared to existing edibles in the cannabis industry. The new changes will significantly reduce the side effects of cannabis edibles.
Green Technology wants to cash on emerging new opportunities in the rising North American cannabis industry. In order to meet the growing need, it has started to purchase and develop new assets. It is also making new deals. Recently, it finalized an agreement with cannabis edibles developer named as Elevated Industries. The new deal is directed to deliver edibles products to cannabis customers and businesses. The company said that it will keep on making efforts to locate the “next big thing” in the big industry.
With its services in domain of business support, horticultural technology and delivery system products, Green Technology is competing with the industry leaders including GW PHARMACEUTICALS (OTCMKTS:GWPRF), Insys Therapeutics Inc (NASDAQ:INSY) and ENDEXX CORP (OTCMKTS:EDXC).