Miracle-Gro to sell special nutrient formulations for growing marijuana

Results 1 to 3 of 3
  1. #1
    Senior Member
    ADMINISTRATOR
    Prince's Avatar


    Join Date
    Nov 2000
    Gender
    Male
    Location
    Panama
    Posts
    64,283
    Rep Points
    2147483647

    Miracle-Gro to sell special nutrient formulations for growing marijuana

    Miracle-Gro to sell special nutrient formulations for growing marijuana
    by J. D. Heyes

    (NaturalNews) Once known primarily for its weed-killing formulas, now Miracle-Gro wants to try its hand at growing killer weed.

    Jim Hagedorn, chief executive of Scott's, the company that manufactures Miracle-Gro, said he's going to target the medical marijuana industry as a way of boosting overall sales of his company's products.

    "I want to target the pot market. There's no good reason we haven't," he told The Wall Street Journal last month.

    Besides the fact that marijuana consumption is increasingly acceptable among the American public, Hagedorn's decision also makes dollars and sense.

    Scotts' sales grew to $2.9 billion last year, up 5 percent from the previous year. But the company's three primary retailers - Lowe's, Walmart and Home Depot, Inc., which together are responsible for two-thirds of Scott's sales - aren't building as many new stores.

    Combined with the fact that consumers aren't spending as much money, given the enduring stubbornness of the current economic recession, Scott's is looking at every opportunity to increase sales and revenue.

    With that in mind, Hagedorn has been pushing his regional sales teams to look for smaller niche markets that, combined, will produce a noticeable bump in overall sales. And the medical marijuana niche looked ripe for the picking.

    The Journal report said that See Change Strategy LLC, an information data services company, predicts the medical marijuana industry will reach $1.7 billion in sales in 2011. And now that 16 states have passed legislation permitting the use of medical marijuana - with as many as 14 more considering it - that market is likely only to grow, despite the fact that smoking marijuana is still against federal law.

    With an eye on the medical marijuana market, Scott's plans a couple of other moves as well. First, the company wants to expand its operations into the local, smaller home-town lawn-and-garden stores. Hagedorn - a former F-16 fighter pilot who still flies his own Cessna to meetings also says that Scott's will target niche dirt companies, rather than make its own line of branded products.

    To be sure, it appears his medical marijuana strategy is already taking root; raids on some pot growers have turned up Scott's products.

    Regarding marijuana legalization, the trend appears to be moving that way. Increasingly, more Americans are not only accepting of marijuana, they see legalizing it as a way to reduce drug-related violence and as a new source of tax revenue for state and federal governments.

    "I ask kids all the time, and they'll tell you it is easier to get marijuana than a six-pack of beer because that is controlled by the government," said James Gray.

    Gray is a one-time federal prosecutor and judge who sent people to jail for dealing pot, told USA Today. So now it's time to "face reality," he added.

    "Taxing and regulating marijuana will make it less available to children than it is today," he said.

    And when that day comes, Scott's wants to be there, ready to help growers get the most out of their plants.


    IronMagLabs 15% Discount Code: Robert15






    IronMag Research 15% Discount Code: Robert15



  2. #2
    Registered User
    oufinny's Avatar


    Join Date
    Nov 2010
    Gender
    Male
    Location
    Houston
    Posts
    3,189
    Rep Points
    435726274

    That is some smart business there and why it is not made legal is beyond me. Once half the states or more have it decriminalized or legal for medical purposes, it will be hard pressed for the government to ignore the revenue aspect they are missing out on. Especially considering the amount of money we seem to "have to spend" on these lovely "entitlement programs".
    AY Fan Club President.

    "Damn, sometimes I think you guys make being stupid seem like a skill set." - Troubador

  3. #3
    Senior Member
    ADMINISTRATOR
    Prince's Avatar


    Join Date
    Nov 2000
    Gender
    Male
    Location
    Panama
    Posts
    64,283
    Rep Points
    2147483647

    Because the federal government is maintaining it stance, mj is as dangerous as heroin.


    IronMagLabs 15% Discount Code: Robert15






    IronMag Research 15% Discount Code: Robert15



Similar Threads

  1. Replies: 1
    Last Post: 10-19-2011, 08:45 AM
  2. Replies: 0
    Last Post: 10-19-2011, 12:00 AM
  3. It's a miracle!
    By IronAddict in forum Open Chat
    Replies: 12
    Last Post: 08-03-2009, 09:19 PM
  4. Bad for You, or Miracle Drink?
    By Prince in forum Sexual Health
    Replies: 0
    Last Post: 12-09-2007, 06:20 AM
  5. Miracle boy...
    By dontsurfonmytur in forum Diet & Nutrition
    Replies: 3
    Last Post: 05-08-2006, 02:37 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
-->