Miracle Gro Enters Cannabis World
Scotts Miracle-Gro, a maker of gardening products, has purchased a company that makes hydroponic equipment popular with marijuana growers.
Scotts purchased Santa Rosa, California-based General Hydroponics and its sister company Bio-Organic Solutions Inc. through a subsidiary. The acquired company sells Vermicrop soils and gardening supplies.
The acquisition is part of a growing trend of mainstream companies and investors buying their way in to the legal cannabis space, a movement that is expected to continue as legalization spreads.