Miracle-Gro Stoked About Medical Marijuana

Pot farms in 16 states could light up company profits
By Mary Papenfuss,  Newser Staff
Posted Jun 14, 2011 2:21 AM CDT
Miracle-Gro Stoked About Medical Marijuana
Jim Hagedorn helps spread mulch in gardens at Scotts Miracle-Gro headquarters in Marysville, Ohio. He's got high hopes medical marijuana will boost product sales.   (Jay LaPrete/AP Images for Scotts Miracle-Gro)

Don't bogart those profits. That's what Scotts Miracle-Gro execs are thinking now that they're zeroing in on the medical marijuana market. They have high hopes pot could boost sales majorly. "I want to target the pot market," CEO Jim Hagedorn tells the Wall Street Journal. "There's no good reason we haven't." Medical marijuana sales are expected to reach $1.7 billion this year now that it's legal in 16 states. Pot-farmer blogs are already debating the merits of the company's fertilizer, and pot-farm raids are turning up Miracle-Gro products. Hagedorn takes that as an awesome sign of brand awareness. (Read more Scotts Miracle-Gro stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.