Much of the thriving cannabis industry’s thunder has been effectively stolen by the rise of the blockchain, and cryptocurrencym but it doesn’t deter us from keeping up with what we feel is still the most vibrant new market sector. Among those companies that we routinely track in the space is Growlife Inc (OTCMKTS:PHOT).
Growlife Inc(OTCMKTS:PHOT) recently revealed that it has added an all-in-one home cultivation system called GrowLife Cube Pro to its product offering. GrowLife Cube Pro is an improved version of GrowLife Cube, one of the world’s first complete home grow packages designed to make plant cultivation attainable for consumers of all backgrounds and skill sets.
The Company introduced the product as a way to service the exploding recreational cannabis markets in California and other states where adults will be permitted to cultivate up to six plants per adult under local law. Additionally, consumers will be legally able to assign out their allotted plants to other cultivators, creating a large personal market for small, mid-size home cultivation.
With almost 40 million people in California alone and regulation stipulating that all growing must be done indoors, the demand for home cultivation is expected to skyrocket as the adult use legislation takes effect in January 2018. California will become the world’s largest economy to legalize recreational cannabis, with a market value estimated at $7 billion by the Los Angeles Times.
GrowLife Cube Pro comes in three sizes based on the desired number of plants and offers extensive options, including hydroponic and soil grow mediums, and subscription-based products that provide all the supplies and consultation services needed for perpetual cultivation. Each package includes all the materials, except the plant and seeds, to cultivate a Cannabis plant including tenting, lights, fans and a climate control solution. The Company will sell GrowLife Cube Pro throughout the entire state of California and nationwide on its e-commerce site.
“We saw an unmet need in the marketplace for a complete, user-friendly grow kit that those without experience growing plants could easily understand and use in the comfort of their own homes,” said GrowLife CEO Marco Hegyi. “We have worked closely with starter-grow experts to bring the highest quality product to market with a tremendous amount of value added for our consumers through our educational resources. We aim to make in-home cultivation possible for those who are trying to responsibly and legally cultivate their own plants and may not have had access to the proper educational tools and materials before GrowLife Cube Pro.” (Source: Business Wire)
In addition to California coming into the fray of recreational marijuana in less than two weeks’ time, we’re just over seven months away from the entire nation of Canada doing the same. It was just a few weeks ago that PHOT announced the opening of a retail location in Calgary, Alberta. All Canadians 19 years of age and over will be legally allowed to grow up to four plants in the privacy of their homes. Growlife’s product offering is designed to meet the needs of these home growers.
We won’t let the Bitcoin Boom distract us from the next wave of the Green Rush which is approaching fast with the new calendar year mere days ahead. PHOT is one of those companies poised to take advantage of the coming environment. Stay locked to Street Register for updates, and we’ll deliver important developments on PHOT as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in PHOT stock, short or long.