Compassionate Therapeutic Solutions, LLC Rides the Booming Medical Marijuana Market
30 4월 2010 - 4:15AM
GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA) in
conjunction with Compassionate Therapeutic Solutions, LLC, reported
today that the medical marijuana market is booming. According to an
article posted on CNBC.com, CNBC estimates that the marijuana
industry is a $40 billion a year market (Source:
http://classic.cnbc.com/id/36331495).
Medical marijuana is legal in 14 states: Colorado, California,
Vermont, Washington, Alaska, Montana, Nevada, New Jersey, New
Mexico, Oregon, Hawaii, Maine, Michigan and Rhode Island. Ballot
measures or legislation allowing medical marijuana are pending in
14 additional states including Alabama, Delaware, Illinois, Iowa,
Kansas, North Carolina, Pennsylvania, South Dakota, New York,
Missouri, Maryland, Massachusetts, Tennessee and Wisconsin (Source:
www.usatoday.com/money/industries/health/2010-04-20-medical-marijuana_N.htm).
An article by Rob Reuteman entitled, "Medical Marijuana Business
is on Fire," appeared in USA Today and outlined the industry's
recent rise. The article states that in the past six months, the
number of patients and dispensaries has skyrocketed; it's estimated
that more than 100,000 Colorado residents can legally purchase
marijuana for medical use (Source: www.usatoday.com).
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).
Eugene Espinosa, President of GTLA, commented, "There are
approximately 400 wellness centers in Denver, Colorado alone. Each
center services between 500 and 1500 patients. Medical marijuana
sells for $420.00 per ounce, and the average patient's purchase is
2 oz. of product per month. Therefore, a 1500-patient center will
generate monthly revenues of $1,260,000 in product sales
alone."
About GT Legend Automotive Holdings Inc.: GT Legend Automotive
Holdings, Inc. is a Nevada research and development corporation.
GTLA has acquired Compassionate Therapeutic Solutions.
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.
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.
CONTACT: GT Legend Automotive Holdings
Investor Relations Department
303-526-9315
GT Legend Automotive (CE) (USOTC:GTLA)
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