GrowLife Inc (PHOT)

[bonrox]

Your post has very valid points. The fact that most of the banks will not go ahead with taking MJ money until there are hard and valid rules to guide them. congress is the only ones that will give them that. These states are also experiments and we will see what happens.

What I like about $PHOT is the fact that their business model takes these facts into account. The can sell to commercial growers with or without MJ products. The growers can build their facilities with veggies and migrate to MJ when it's legal. They can deal with the banks with no issues because it is hydroponic equipment. Buying into $FITX in Canada may or may not be a good move depending on them getting their license, but there are no legal issues in dealing with Canada.

I am into $PHOT for the long run. I can see them getting into the $20 to $40 range in a couple of years. Keep in mind that they have some heavy weights in the financials field and they are sitting in the front office. These people want this company to be the largest and know how to get it there.