Scotts in the 'Other' Weed Business

Scotts Miracle-Gro has spent hundreds of millions of dollars in the marijuana industry, and plans on spending hundreds of millions more.

As reported by The Huffington Post, the CEO of Scotts Miracle-Gro, Jim Hagedorn, recently told Forbes Magazine that his company plans to invest a half billion dollars or so in the pot business. He claims it’s the biggest thing he’s ever seen in lawn and garden.

Hagedorn has already invested hundreds of millions – in fertilizer and soil companies in California, and a hydroponics company in Amsterdam. Hydroponics is a method of growing plants using mineral nutrient solutions, in water, without soil.