This Day On The Street
Continue to site
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

GrowLife Commends Passage Of Voter Initiatives Supporting Legalization

WOODLAND HILLS, Calif., Nov. 7, 2012 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT) (formerly known as Phototron Holdings Inc.), an innovative leader in high-end horticulture supply, today announced that it commends the full legalization of marijuana in the states of Colorado and Washington. These initiatives mark ongoing progress towards a more reasonable state and federal policy regarding the use and sale of marijuana for both medical and recreational purposes.

"The road to legalization of marijuana has been long and difficult," said GrowLife, Inc. CEO Sterling Scott. "Despite federal drug laws remaining in place, these states have shown tremendous initiative in moving towards a more reasonable and sustainable marijuana policy that benefits the public, both in terms of reduced crime rates and greater tax revenues."

According to 2011 statistics from the U.S. Federal Bureau of Investigation interpreted by Law Enforcement Against Prohibition (LEAP), approximately 750,000 people were arrested with 81.8% of all drug arrests for possession alone. These arrests could be costing taxpayers between $1 billion and $3 billion each year, excluding the costs of trying and imprisoning these people.

Public companies focused on this emerging industry are also experiencing rapid expansion as the regulatory environment becomes more favorable. GrowLife, Inc. (PHOT), Hemp Inc. (HEMP) and Medical Marijuana Inc. (MJNA) have all seen heightened attention in recent weeks.  These three exceptional companies are being run by acute businessmen, that while compassionate towards the needs of individuals, are keenly focused on the bottom line, and what that means to their investors.

About GrowLife, Inc.

GrowLife, Inc. (PHOT) (formerly Phototron Holding, Inc.) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Stealth Grow LED producer of hi-powered LED grow light products for indoor horticulture (,, the online hydroponics superstore ( and Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (

For more information about our public holding company, please visit

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in GrowLife's filings with the Securities and Exchange Commission. In addition, all entertainment industry products are subject to additional uncertainty, including the risks of delay, cancellation and poor critical or financial reception. GrowLife disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,814.74 +38.31 0.23%
S&P 500 1,980.46 -6.59 -0.33%
NASDAQ 4,746.9670 -34.2970 -0.72%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs