This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

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