This company wants to own the market for pot pesticides

DENVER BUSINESS JOURNAL - The Scotts Miracle-Gro Co. has steamrolled into the marijuana business as Colorado and a growing list of other states legalize the drug for medicinal or recreational use.

So far, Marysville, Ohio-based Scotts (NYSE: SMG) has invested in established businesses affiliated with hydroponics -- growing pot, fruits and vegetables without soil.

In July, Scotts said in a securities filing that it was enlisting Boulder-based AeroGrow International Inc. (OTCQB: AERO) in the indoor-gardening space, including developing large-scale gardening and consumer lighting products.

Now, the lawn and garden giant is aiming to use its core background – chemicals – to expand the growing niche.

The company is working with the U.S. Environmental Protection Agency on pesticide products to be used on legal marijuana growing, CEO Jim Hagedorn said Thursday.

Read more at the Denver Business Journal: http://bit.ly/2fjtxC9

Copyright 2016 Denver Business Journal


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