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Scotts Miracle-Gro CEO Jim Hagedorn joins 'Mad Money' host Jim Cramer to talk quarterly results, cutting expenses, product channels and more.
Scotts Miracle-Gro CEO Jim Hagedorn joins 'Mad Money' host Jim Cramer to talk quarterly results, cutting expenses, product channels and more.
Green spaces address environmental, health and food insecurity issues Green spaces address environmental, health and food insecurity issues
MARYSVILLE, Ohio, April 21, 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, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, June 6, 2025, to shareholders of record as of Friday, May 23, 2025.
The U.S. cannabis industry continues to expand rapidly. Experts estimate the market will exceed $45 billion in annual revenue by 2025. This growth is fueled by consumer demand, increasing dispensary presence, and employment surges across cultivation and retail sectors. Most Americans now live near a licensed cannabis store, and the industry employs hundreds of thousands. While federal legalization remains pending, significant momentum is building. Recent federal efforts to reclassify cannabis could reduce restrictions and tax burdens. These changes would directly benefit ancillary businesses supporting cultivation and distribution. Therefore, many investors are closely watching this space for early opportunities.
Most cannabis stock investors are stuck in a unique position in the sector. To start, most publicly traded cannabis companies are down and have been for some time. With all that is occurring across the stock market due to the tariffs, new concerns are further to grow. No one knows exactly how this will impact marijuana stocks and the future of the cannabis industry. People are trying to make the best choices on where to stay calm, cut their losses, or double down on how low the sector has fallen.
Under the terms of the agreement, SMG transfers The Hawthorne Collective in exchange for an interest-bearing promissory note.
Scotts Miracle-Gro is moving to separate its cannabis holdings from its core business, at least until the drug moves closer to federal legalization.
Transfer of Hawthorne Collective reflects focus on separating cannabis holdings and driving greater growth in core lawn and garden business Transfer of Hawthorne Collective reflects focus on separating cannabis holdings and driving greater growth in core lawn and garden business
MARYSVILLE, Ohio, April 10, 2025 (GLOBE NEWSWIRE) -- To connect more children to gardens and outdoor play, The Scotts Miracle-Gro Foundation and KidsGardening are awarding grants to 170 community-level programs under the annual GroMoreGood Grassroots Grant initiative.