Loading…
Friday, December 26, 2014
Current Weather
Loading Current Weather....
Published: Tuesday, 6/21/2011

Scotts Miracle-Gro eyes marijuana industry

BLADE NEWS SERVICES

MARYSVILLE, Ohio — Scotts Miracle-Gro could be looking to market potting soil — and other products — to help grow pot as a way to boost sales.

Jim Hagedorn, Scotts chief executive officer, said in a recent interview with the Wall Street Journal that he is exploring the medical-marijuana industry as well as other niche markets to help increase sales at his lawn-and-garden company. He said he wants to “target the pot market. There’s no good reason we haven’t.”

Scotts, based in Marysville, Ohio, near Columbus, gains much of its nearly $3 billion in annual sales from Home Depot Inc., Lowe’s Cos. Inc., and Wal-Mart Stores Inc. It’s seeking new revenue opportunities as those retailers scale back on plans for new stores, and medical marijuana is a prospect market, the newspaper said.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories