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Scotts Miracle Gro Poised to Profit From Cannabis Industry

Scotts' leadership in hydroponic equipment provides broad cannabis industry exposure.

Mentioned:

Seth Goldstein: Scotts Miracle Gro is one of the best ways to play the growth of the cannabis industry.

We’ve recently raised our outlook for Scotts based on our initiation of the cannabis industry, where we see legal sales growing 9 times larger by 2030.

Rachel Elfman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.