The medical marijuana industry could grow to $8.9 billion over the next five years, while Washington State's Office of Financial Management estimated that in-state retail sales could reach $1 billion, according to See Change Strategy LLC, a research firm out of Olney, MD. Also noted in the article is that GrowLife's bottom line has already benefited by moving from a $4.4 million loss on revenues of $499,000 in 2011 to a profit of $28,699 on revenues of $476,000 during the third quarter of 2012 alone. These revenue numbers reflect an increase of 120% during the 3rd quarter of 2012, while management projects that the[b] company will be cash flow positive in early 2013.
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