WOODLANDS 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 huge step forward taken by votes in
, which have now adopted progressive medical marijuana laws. A similar initiative in
remains too close to call at press time. These initiatives, combined with the even more progressive legalization measures passed in
, will almost certainly compel even wider adoption by other states and progress towards a more reasonable federal policy. For GrowLife, Inc. (
) (OTCBB: PHOT) and other public companies that are already active in this multibillion dollar growth industry such as Hemp, Inc. (
) and Medical Marijuana,Inc. (
) are very likely to see
rapidly expanding opportunities as the normalization process marches from state to state, expanding the market and legitimate business opportunities as it grows.
"Marijuana has been shown to be very effective in many different medical scenarios," said GrowLife, Inc. CEO
. "The federal government has long grouped marijuana in the same group as cocaine and heroin, but the reality is that the drug has helped many thousands of people overcome chronic symptoms related to diseases like cancer, glaucoma, AIDS, Crohn's, ALS (
's Disease) and Alzheimers among others."
While prescription drugs kill about 100,000 people worldwide each year, there are no deaths associated with cannabis use, according to Dr.
, professor emeritus at
Harvard Medical School
. The late Dr.
, former national administrator of the U.S. government's marijuana research programs, also found that about 200 different medical conditions responded favorably to cannabis after seeing about 10,000 patients in 15 years.
Public companies focused on this emerging industry are experiencing rapid expansion as the regulatory environment becomes more favorable. GrowLife, Inc. (PHOT), Hemp Inc. and Medical Marijuana Inc. have all seen heightened attention in recent weeks
due to the history making elections that have now been decided in favor of legalization and much expanded purely medical usage applications
. Now that history has been made, these companies are positioned to become even bigger leaders in this sector than they are already, and the investment community has a ready-made opportunity to ride the wave. These three exceptional companies are being run by acute business men, 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.) (
) (OTCBB: PHOT) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include SG producer of grow room automation equipment and hi-powered LED grow light products for indoor horticulture (
), Greners.com, 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 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.