Scotts Miracle-Gro has entered into the world of venture capital with a 50 million fund because of recent venture into the cannabis and hemp industry. In early 2020 Miracle-Gro opened up a secondary business in lawn care fertilizer services for Cannabis and hemp cultivation. The corporate venture capital fund is called 1868 ventures. Scotts Miracle-Gro’s venture into cannabinoids shows how the company could capitalize on new business applications for hemp and cannabis in the fields of manufacturing, health care, and recreational use.
– TechCrunch, 06/28/2020 8:00:00 PM