Scotts in the 'Other' Weed Business

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.