This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

60 Minutes Highlights Medical Marijuana Advocacy By GrowLife (PHOT) And Other Public Companies In "Tipping Point"

GrowLife Inc. (formerly known as Phototron Holdings Inc.) (OTC: PHOT), an innovative leader in high end horticulture supply, today joins 60 Minutes, the most influential weekly news television broadcast, in the national dialogue on the tipping point for marijuana acceptance in the USA. On this last Sunday’s broadcast, 60 Minutes host Steve Kroft and his guests addressed the question of marijuana cultivation for personal use. The argument was made that social acceptance of marijuana is at a ‘tipping point,’ an unbalance in which even the US Federal Government would be strained to enforce laws to the contrary.

In the past, 60’s style marijuana advocates led the challenge to a failed stereotypical view, but today’s national dialogue is being played out by an entirely new set of activists. Medical doctors, hospice, palliative care directors, veterans group and a wide swath of American citizens lead the way in voter initiatives from the traditionally liberal states of Oregon and Washington, to the more conservative leaning Arkansas.

The 60 Minutes episode also highlighted the fact that leadership in progressive states is also coming from publicly traded companies and their shareholders. Public companies in the space include those that focus on medical and science applications like Medical Marijuana, Inc. and Cannabis Science, as well as, those that focus more on the growing end such as GrowLife, Inc. and Hemp, Inc. According to GrowLife CEO Sterling Scott, “the very existence of fully reporting SEC regulated companies connected in one manner or another to marijuana and hemp based products was unthinkable even 10-15 years ago. Today GrowLife is one of several thriving public companies that are engaged in supplying the picks and shovels for this emerged industry while also behaving responsibly as regarding public markets and shareholders. The tipping point alluded to by 60 Minutes has passed.“

GrowLife CEO Sterling Scott predicts “it will be clear after the November 2012 elections that the country has already tipped. The Prohibition of the 1920’s was repealed in a time not too dissimilar from ours. Then Americans faced widespread economic malaise and voters justifiably asked how can we justify spending tax dollars to enforce an unpopular and widely disrespected law while millions are out of work. Repeal it was argued in the early 1930’s would bring additional tax revenues and jobs that were desperately needed. The team at 60 Minutes has helped to country to realize, as have voters and innovative regulators in Colorado, that it is time for sensible policy across the country involving industrial hemp and marijuana.“

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs