--- title: Miracle-Gro for marijuana description: Miracle-Gro for marijuana tap booming medical market, aims growth through acquisitions amid rising investor interest and shifting cannabis industry trends. image: https://420intel.com/hubfs/AI-Generated%20Media/Images/The%20image%20showcases%20a%20vibrant%20cannabis%20garden%20bathed%20in%20warm%20sunlight%20with%20lush%20green%20plants%20flourishing%20under%20a%20clear%20blue%20sky%20In%20the%20foreground%20several%20tall%20cannabis%20plants%20their%20leaves%20a%20rich%20shade%20of%20green%20stretch%20upwards%20highlighted%20by%20the%20sunli-1.jpeg --- [![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com) - [Home](https://420intel.com) - [Advertise](https://420intel.com/advertise) - [Directory](https://420intel.com/directory) - [Topics](https://420intel.com/blog) - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news) - [Business News](https://420intel.com/tag/cannabis-business-news) - [Politics](https://420intel.com/tag/cannabis-politics) - [Technology](https://420intel.com/tag/cannabis-technology-news) - [Research](https://420intel.com/tag/medical-cannabis-news) - [Contact](https://420intel.com/contact-us) - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/) - [Follow us on Twitter](https://x.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) ### Press ESC to close [![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com) - [Home](https://420intel.com) - [Advertise](https://420intel.com/advertise) - [Directory](https://420intel.com/directory) - [Topics](https://420intel.com/blog) - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news) - [Business News](https://420intel.com/tag/cannabis-business-news) - [Politics](https://420intel.com/tag/cannabis-politics) - [Technology](https://420intel.com/tag/cannabis-technology-news) - [Research](https://420intel.com/tag/medical-cannabis-news) - [Contact](https://420intel.com/contact-us) - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/) - [Follow us on Twitter](https://x.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) # Miracle-Gro for marijuana - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - [Medical Cannabis News](https://420intel.com/blog/tag/medical-cannabis-news) - 10 April 2025 Scott's Miracle-Gro for marijuana sees high potential in the medical market. The otherwise-wholesome home and garden company isn't shy about saying so, either. "I want to target the pot market," said the company's chief executive, Jim Hagedorn, in an interview with *The Wall Street Journal*. "There's no good reason we haven't." Here, a short guide to Hagedorn's potential marijuana initiative: Who is this guy, anyway? Hagedorn isn't your typical CEO. The 55-year-old licensed pilot — who took over the company from his father — reportedly enjoys flying himself to and from meetings, occasionally wearing jeans and sneakers, and dropping F-bombs. Hagedorn wants to offer products aimed at medical marijuana growers. He won't necessarily create his own pot-specific product line, though. Instead, Miracle-Gro would likely buy established niche soil companies that would help marijuana grow. But isn't marijuana illegal? Yes, on a federal level. But 16 states, including California and Colorado, have legalized the drug. Even the feds have eased up since President Obama took office, with fewer raids on medical dispensaries than in previous years. What does Miracle-Gro stand to gain? Lots of new customers. An exact amount is unclear, but the medical marijuana industry is expected to reach $1.7 billion in sales this year alone, according to a recent report. Scotts, by contrast, takes in $2.9 billion in annual sales. That makes marijuana a potentially important source of sales growth, which Scotts needs. It relies heavily on big box stores such as Home Depot and Wal-Mart, whose customers are watching their spending as the economy falters. Is anyone else jumping on the medical marijuna trend? Actually, yes. Software developers are reportedly creating applications that would help dispensary operators get straight to the customer. In Sacramento, Calif., the first medical marijuana franchise, WeGro — the "Wal-Mart of Weed" — opened in March. And on Tuesday, former talk-show host Montel Williams opened his own medical marijuana dispensary in California.   [by The Week](https://theweek.com/articles/483967/miraclegro-marijuana)   [Medical Cannabis News](https://420intel.com/blog/tag/medical-cannabis-news) ![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=200&height=200&name=Buzz-No%20Outline-2.png) #### [Buzz](https://420intel.com/blog/author/buzz) At 420 Intel, we cover cannabis legalization news throughout the world, offer reliable information for cannabis business owners, detail technological advances that impact the marijuana industry, cover marijuana rallies from across the globe, and everything in between. - - - [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) [![Michigan cannabis prices hit another record low, but industry believes turnaround imminent](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/An%20image%20of%20Michigans%20cannabis%20market%20showing%20a%20significant%20drop%20in%20prices%20due%20to%20product%20oversupply%20and%20illicit%20market%20infiltration.jpeg?width=550&height=395&name=An%20image%20of%20Michigans%20cannabis%20market%20showing%20a%20significant%20drop%20in%20prices%20due%20to%20product%20oversupply%20and%20illicit%20market%20infiltration.jpeg)](https://420intel.com/blog/michigan-cannabis-prices-hit-another-record-low-but-industry-believes-turnaround-imminent) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 19 November 2024 #### [Michigan cannabis prices hit another record low, but industry believes turnaround imminent](https://420intel.com/blog/michigan-cannabis-prices-hit-another-record-low-but-industry-believes-turnaround-imminent) The price compression is largely attributed to product oversupply, but the illicit markets also... [Recreational Cannabis News](https://420intel.com/blog/tag/recreational-cannabis-news) [![Recreational marijuana prices drop again in Michigan: What it means for the industry](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/A%20vibrant%20cannabis%20dispensary%20in%20Detroit%2c%20Michigan%2c%20showcases%20its%20grand%20opening%20celebration%20with%20colorful%20banners%20and%20balloons%20adorning%20the%20entrance.jpeg?width=550&height=395&name=A%20vibrant%20cannabis%20dispensary%20in%20Detroit%2c%20Michigan%2c%20showcases%20its%20grand%20opening%20celebration%20with%20colorful%20banners%20and%20balloons%20adorning%20the%20entrance.jpeg)](https://420intel.com/blog/recreational-marijuana-prices-drop-again-in-michigan-what-it-means-for-the-industry) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 18 March 2025 #### [Recreational marijuana prices drop again in Michigan: What it means for the industry](https://420intel.com/blog/recreational-marijuana-prices-drop-again-in-michigan-what-it-means-for-the-industry) The price of recreational cannabis in Michigan continues to decline and businesses, especially... [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) [![Critical Marijuana Tax Changes](https://420intel.com/hs-fs/hubfs/AdobeStock_458597752.jpeg?width=550&height=395&name=AdobeStock_458597752.jpeg)](https://420intel.com/blog/critical-marijuana-tax-changes) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 10 October 2025 #### [Critical Marijuana Tax Changes](https://420intel.com/blog/critical-marijuana-tax-changes) Michigan’s newly approved **marijuana tax** has quickly become one of the most talked-about elements of... - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/420intel) - [Follow us on Twitter](https://twitter.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) Back to Top ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Buzz", "url" : "https://420intel.com/blog/author/buzz" }, "dateModified" : "2025-04-10T15:48:38.778Z", "datePublished" : "2025-04-10T15:48:38.000Z", "headline" : "Miracle-Gro for marijuana", "image" : [ "https://420intel.com/hubfs/AI-Generated%20Media/Images/The%20image%20showcases%20a%20vibrant%20cannabis%20garden%20bathed%20in%20warm%20sunlight%20with%20lush%20green%20plants%20flourishing%20under%20a%20clear%20blue%20sky%20In%20the%20foreground%20several%20tall%20cannabis%20plants%20their%20leaves%20a%20rich%20shade%20of%20green%20stretch%20upwards%20highlighted%20by%20the%20sunli-1.jpeg" ], "mainEntityOfPage" : { "@id" : "https://420intel.com/blog/miracle-gro-for-marijuana", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://420intel.com/hubfs/Asset%2016.png" }, "name" : "420 Intel" } } ```