Scotts Miracle-Gro has been talking about entering the marijuana industry for a handful of years now. It's a logical business decision, considering Scotts Miracle-Gro is in the business of making plants grow better. Last week that talk turned into action when Scotts Miracle-Gro bought one of the biggest names in marijuana cultivation - General Hydroponics. Per Biz Journals:
The Scotts Miracle-Gro Co. offshoot that targets young, urban gardeners has acquired a Santa Rosa, California-based hydroponics company popular with marijuana growers.
Hawthorne Gardening Co., a Scotts subsidiary formed in October, purchased General Hydroponics Inc. and Bio-Organic Solutions Inc.
Terms were not disclosed, but the acquisition should position the company in the growing marijuana market.
Most growers that I know that grow marijuana on a large scale either use Advanced Nutrients, or General Hydroponics. That's not to say that growers only use those two companies, because that's obviously not the case, but most of the ones I know do use those two product lines. Scotts Miracle-Gro joins a growing number of non-marijuana companies that are entering the cannabis space. I'm curious to see what they have planned, or if they are just going to go about business as usual when it comes to the work that General Hydroponics has been doing.