WOODLAND HILLS, Calif., Dec. 17, 2012 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a completely legal provider of highly effective indoor growing technologies to the blossoming marijuana industry, today commended President Barack Obama for his public remarks on ABC News. During an interview, the President indicated that recreational users of marijuana in states that have legalized the substance should not be the "top priority" of federal law enforcement officials prosecuting the war on drugs.
"It would not make sense for us to see a top priority as going after recreational users in states that have determined that it's legal," said President Obama, taking the same approach as he has in the past towards users of medical marijuana in states where it's legal. This news bodes particularly well for a number public companies operating in the space; including GrowLife, Inc. (PHOT), HEMP Inc. (HEMP), Medical Marijuana Inc. (MJNA) and Rapid Fire Marketing Inc. (RFMK), as they have all positioned themselves to take advantage of today's 'green rush'.
Given the large support for legalization in the U.S., the President has a lot to gain from taking a more passive stance. A PPP poll released on December 4th used automated phone calls to survey over 1,000 voters and found that 58% of American voters think marijuana should be legal, compared to only 39% that believe it should be illegal. Democrats were the largest supporters with a 68% approval rate, while 61% of younger voters under 30 approved.
"President Obama has long opposed the legalization of marijuana, which led to concerns that the federal government would crack down on individuals in states where it has been legalized," said GrowLife, Inc. CEO Sterling Scott. "The President's public remarks last week have allayed many of these concerns for individuals and represents a very positive development for our company and our industry. While commercial growing operations may still be at risk, home users that legally grow their own marijuana are less likely to face prosecution."GrowLife provides indoor horticulture products and complete growing systems for individuals looking to grow their own legal marijuana, herbs, spices or other plants. GrowLife's innovative products, designed specifically for both hobbyists and professional gardeners, produce high quality flowers with maximum levels of essential oils and resins. These products are for sale on the company's website, www.growlifeinc.com, or at its new retail location in Los Angeles, CA. 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV