COLORADO SPRINGS, Colo., May 7, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA - News), in conjunction with Compassionate Therapeutic Solutions, LLC, has opened a fully-licensed bakery where edibles containing medical cannabis flowers will be produced. The bakery will distribute its edible organic products to the CTS center, and will act as a healthcare product provider to 200 plus medical centers in the state of Colorado.
According to Colorado state regulations, bakeries producing medical marijuana edibles must be licensed and must operate out of a state-regulated commercial kitchen. The CTS bakery has taken a leadership position in supplying product and meeting both requirements listed above. Patients who wish to purchase the edibles must be registered and in possession of a state-authorized medical marijuana permit card. The Denver Post reported that there are currently over 100,000 licensed medical marijuana users in the state of Colorado. The state of Colorado receives over 1,000 applications per day for authorized marijuana permit cards, yielding $90,000 per day in revenue from the registration fees (Source: Green Rights Radio 101.5, Denver).
Some patients prefer to consume edibles containing medical cannabis flowers as opposed to smoking the product because of health considerations. Many patients are not able to inhale smoke. Medical dosages are better controlled with edibles, teas and tinctures.
Eugene Espinosa, President of GTLA / CTS, states, "Our edibles are made from premium, organic medicinal cannabis flowers. Our plants are organically controlled; grown in a hydroponic green room free from pesticides and chemicals of any sort. They are provided with the proper nutrients, adequate light and temperature to insure the highest quality end result. We estimate that 1 out of 10 cardholders will prefer edibles over inhaled marijuana. Our goal is to create a market based on demand. We expect the edible market to exceed $60,000,000 annually in Colorado."
About Compassionate Therapeutic Solutions, LLC: Compassionate Therapeutic Solutions, LLC is a multidisciplinary behavioral health care practice that offers mental health, substance abuse and primary caregiver services to communities of Colorado. The company's focus is to provide cost-effective quality treatment and to create, promote, and maintain a positive customer relationship with clients, associates and the community. One of the functions of the clinic is to provide comprehensive care to individuals who are registered and authorized to utilize medical marijuana. Please visit our website at http://www.ctscare.org/ for more information.
Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment