Las Vegas, NV -- (SBWIRE) -- 02/25/2013 -- Growlife Inc (OTC:PHOT) has gained advantage from the rapidly growing Marijuana industry. They have earned a gross profit of $159,680 and revenues of $475,870 which is 30.7% and 120% respectively as compared to previous quarter in the past few months.
New York has become the first city to legalize the use of marijuana. NYPD stated that anyone who provides an ID and has no outstanding warrants will not be guilty. Andrew Cuomo, Governor of New York is willing to pass a bill according to which anyone having less than 15 grams of marijuana in possession will not be a criminal.
Growlife Inc is an ultimate player. Since the medical and recreational use of Marijuana has been made legal, the company has seen remarkable gains. They have benefited from this legalization which means they are not limited to selling their products in just Colorado or Washington.
To find out what OTCMAGIC projects for Growlife Inc for both short term and long term please click here: PHOT
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