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!

GrowLife Inc. Eyes Growth Potential As States Draft Marijuana Laws: The Hobbyist Market Is The First To Expand

WOODLAND HILLS, Calif., Nov. 29, 2012 /PRNewswire/ -- GrowLife Inc. (OTCBB: PHOT), an industry-leading consortium of high-end gardening and horticulture brands focused on merchandising the "picks and shovels" of the growing "green rush," today announced that it sees potential for rapid market expansion as states draft new marijuana laws in Colorado, Washington, and Massachusetts.

Colorado Gov. John Hickenlooper is creating a task force this week to start the process of ironing out the newly passed law in his state, which will work "to identify the policy, legal and procedural issues that need to be resolves related to Amendment 64" as reported by the Denver post. On December 6 th, Colorado will certify the November vote totals from each county, Hickenlooper will then have 30 days to sign off and Amendment 64 which then becomes the law of the state on January 5 th, 2013.

GrowLife notes that the Colorado law provides for home growing operations. For instance, Amendment 64 would allow adults 21 years or older to purchase up to one ounce of marijuana from specialty dispensaries and grow up to six marijuana plants in their homes

In the state of Washington the need for expediency is just as great, with December 6 th also being the day of certification for their vote totals. The difference is that in Washington there is no 30-day waiting period, the law will be in effect in a mere 7 days. While the state has until December 1 st, 2013 to establish other key rules, the Seattle Police department has taken a proactive approach by releasing " Marijwhatnow?  A Guide to Legal Marijuana Use in Seattle". 

These developments could significantly expand the market for indoor horticulture and complete growing systems. By providing the highest quality equipment possible, GrowLife's systems are uniquely suited for allowing the home grower a beginning to end solution that is perfectly suited to grow the best product available.

1 of 3

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 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

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