The US cannabis industry is flush with fledgling companies and many unfamiliar brands. However, in that mix is a 154-year-old company that is a household name: Scotts Miracle-Gro.
Over the past decade, the lawn and garden giant has quietly entrenched itself in the young and fast-growing industry. Its Hawthorne Gardening Company subsidiary has scooped up the biggest players in hydroponics, lighting, and other supplies used for growing.
Now, Scotts is ramping up its involvement by throwing its lobbying weight behind legalization efforts and funneling money into investments that eventually could enable the company to sell cannabis directly to consumers.
"It's our belief, and this is not a grand revelation by any stretch: Federal legalization is obviously going to happen; the question is when and how," said Chris Hagedorn, executive vice president of Scotts and division president of Hawthorne. "When it does, what are the most valuable assets going to be in a post-legalization world? I think anybody who thinks about it for a while says consumer-facing brands that make and sell cannabis products will be the most valuable."
To read the complete article, go to edition.cnn.com
Announcements
Job Offers
Top 5 -yesterday
- Implementing technology to improve crop quality and lower production expenses
- US: "Colorado’s cannabis industry is enduring its first sustained downturn since adult-use cannabis sales began"
- US (MI): "We expect that our cultivation system will give us a competitive edge"
- CAN: Auxly receives $4.1 million on sale of Auxly Annapolis outdoor facility
- How can cannabis cultivators lower their cost per pound by engaging an energy conservation company?
Top 5 -last month
- “Cannabis growers are realizing the need for automated solutions”
- “We are close to powdery mildew resistant cannabis cultivars”
- US (MI): “With three environments of cultivation, we are able to hit different categories in the market”
- "Water is the new gold"
- US (NY): Plans for $200 million cannabis facility back on track
Company prepares for a post-legalization world
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-08-12 Good Green is giving out $1.3 million to help those affected by the War on Drugs
- 2022-08-12 Actor J. Alphonse Nicholson and black-owned cannabis company create strain to treat anxiety
- 2022-08-12 Successful shipment of 1728kgs of Colombian-grown cannabis flower to Switzerland
- 2022-08-12 Global Garden partners with Canobi AgTech bringing tech to indoor cannabis and food farmers
- 2022-08-11 Taking the wisdom from indoor farming and bringing it into greenhouses
- 2022-08-11 CAN: Auxly receives $4.1 million on sale of Auxly Annapolis outdoor facility
- 2022-08-10 Markus Takala joins Netled as Head of Projects
- 2022-08-10 Cogent Bank expands services to include cannabis
- 2022-08-10 US (NJ): Municipality approves Audacious' 100,000 sq ft facility plans
- 2022-08-10 Ontario Cannabis Store deliveries halted after cyberattack
- 2022-08-10 Tilray signs distribution agreement with Southern Glazer's
- 2022-08-10 NL: Village Farms announces Leli Holland's receipt of final cultivation license and majority ownership of 85%
- 2022-08-10 Curaleaf announces majority stake and forms strategic partnership with German grower and distributor
- 2022-08-10 Medcolcanna Organics executes Colombian supply agreements and EU sales agreements
- 2022-08-10 "We are going to face the global market challenges with great courage"
- 2022-08-09 GRN Holdings Corporation changes name to Marijuana Inc.
- 2022-08-09 Grower announces joint venture with Colombian indigenous tribe to process and distribute cannabis
- 2022-08-09 US: Pennsylvania medical cannabis company lays off 55 workers at facility
- 2022-08-08 Clever Leaves announces first export to Israeli partner Intercure
- 2022-08-08 Funding awarded for energy efficiency research in Ceres Greenhouse
