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The U.S. cannabis industry remains a powerful economic force, generating over $30 billion in annual sales in 2024. Industry analysts project sales could exceed $50 billion by 2030, driven by expanding legalization and rising consumer demand. Recently, headlines have focused on federal reform momentum after bipartisan discussions in Congress. These talks aim to improve banking access for cannabis businesses, which could boost profitability. Ancillary cannabis companies, which supply products and services to cultivators and retailers, continue to benefit from sector growth. They avoid direct plant-touching risks while capturing steady revenue from equipment, supplies, and technology demand. Consequently, these stocks can provide diversified exposure to the market.
As marijuana stocks are stuck at bottom prices, what are shareholders to do? For new investors intrigued by legal cannabis, how should they proceed? All valid and good questions, it is not so much that all is a loss, it's more so the strategy. Right now, the game is the long game, especially with the continuation of this volatile downtrend. Even with top companies looking attractive to people as marijuana stocks to buy, there is more to it.
SMG tops Q3 earnings estimates on stronger margins, but sales fall short amid a sharp Hawthorne segment decline.
Retired Lt. General John R. Vines retires from Board; former General Scott Miller named to open seat Retired Lt. General John R. Vines retires from Board; former General Scott Miller named to open seat
ScottsMiracle-Gro chairman and CEO Jim Hagedorn discusses possible reclassification of the product and his company's performance on 'The Claman Countdown.' #foxbusiness #trump #whitehouse #usnews
The Scotts Miracle-Gro Company (NYSE:SMG ) Q3 2025 Earnings Conference Call July 30, 2025 9:00 AM ET Company Participants Brad Chelton - Corporate Participant James S. Hagedorn - CEO & Chairman of the Board John Sass - Corporate Participant Mark J.
Although the revenue and EPS for Scotts (SMG) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Scotts Miracle-Gro (SMG) came out with quarterly earnings of $2.59 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $2.31 per share a year ago.
MARYSVILLE, Ohio, July 30, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden products as well as a leader in indoor and hydroponic growing products, today announced its results for the third quarter ended June 28, 2025.