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
TheStreet Open House

GrowLife Applauds Arizona Courts For Upholding Legalization

Stocks in this article: PHOT

WOODLAND HILLS, Calif., Dec. 6, 2012 /PRNewswire/ -- GrowLife, Inc. (PHOT), a completely legal provider of highly effective indoor growing technologies to the blossoming marijuana industry, today applauded Maricopa County Superior Court Judge Michael Gordon's decision to uphold Arizona's voter-approved law that decriminalizes the possession and sale of marijuana for medical uses.

"This court will not rule that Arizona, having sided with the ever-growing minority of states and having limited it to medical use, has violated public policy," read part of Gordon's ruling.

According to GrowLife, Inc. CEO Sterling C. Scott, "Judge Gordon's insightful decision on behalf of Arizona clears the way for additional dispensaries and reinforces state legalization efforts.  GrowLife is positioned for this business on behalf of all of our Arizona customers, many of which are now 'shovel ready,' by which we mean they are licensed, planned and at least partial built.  This is good news for our industry."  

Those opposed to the legalization of medical marijuana have – and continue to – challenge the legality of the substance in courts around the United States. While the federal Controlled Substances Act classifies marijuana as a Schedule 1 drug with no legitimate medical use, state courts have ruled that they hold a different view that does not illegally undermine the law.

"The legal victory in Arizona marks another success for the marijuana legalization movement and yet another sign that federal laws are out of touch with the average American," said GrowLife Inc. CEO Sterling Scott. "A recent poll found that a full 58% of voters supported the legalization of marijuana, with 61% of those under 30 supporting legalization. Given these views, we believe the full legalization of marijuana in the United States is just a matter of time."

The Marijuana Policy Project sponsored poll used automated phone calls to survey over 1,000 voters and found that 58% of American voters think marijuana should be made legal, compared to only 39% who believe that it should be illegal. Democrats were the largest supporters with a 68% approval rate, while 61% of younger voters under 30 approved of legalization.  While some other polls using live interviewers found lower support, MPP suggested that some voters may be uncomfortable telling live interviewers that they support legalization.

GrowLife's consortium of companies actively participate in all channels of commerce for distribution and sales, including operating on-line and retail outlets for direct consumer sales and the supply of specialty GrowLife company products to wholesale and retail channels. And, while supporting progressive normalization of cannabis laws, the company does not grow, sell or distribute any substances that violate U.S. law or the Federal Controlled Substances Act.

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 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

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