Miracle-Gro Sees Pot of Gold in Medical Marijuana

Wednesday, 15 Jun 2011 03:22 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Scotts Miracle-Gro Co., famous for its lawn- and garden-care products, wants to get into the marijuana business, The Wall Street Journal reports. online. Scotts Chief Executive Jim Hagedorn sees medical marijuana cultivation, which is legal in 16 states, as a potential area of sales growth.

marijuana, medical, scotts, miracle-gro“I want to target the pot market,” Hagedorn told the Journal. “There’s no good reason we haven’t.”

Hagedorn, a former Air Force F-16 pilot who took over Ohio-based Scotts from his father, is the first CEO of a major company to embrace the market for medical marijuana, which is projected to reach $1.7 billion in 2011, according to one report.

Some companies that specialize in medical marijuana have sought money from venture capitalists and have talked of launching IPOs.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Protesters: 'It's Not the Time' for More Cuba Ties

Saturday, 20 Dec 2014 19:44 PM

Cuban opposition leaders from the island joined Cuban American politicians and activists on Saturday, pledging to oppose . . .

RNC to Theaters: 'We Cannot Be Bullied,' Show 'Interview'

Saturday, 20 Dec 2014 19:20 PM

The Republican National Committee is urging theater owners to play the The Interview following Sony's decision to pull . . .

Police: 2 NYC Cops Shot Dead, Execution Style

Saturday, 20 Dec 2014 17:03 PM

An armed man walked up to two New York Police Department officers sitting inside a patrol car and opened fire Saturday a . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved