Scotts Miracle-Gro Is a Cheap Cannabis Stock With Room to Grow

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Illustration by Ana Yael

Scotts Miracle-Gro has a dominant franchise in the consumer lawn and garden market, and it has a fast-growing hydroponics business catering mainly to the marijuana industry.

A beneficiary of the stay-at-home trend during the pandemic, Scotts (ticker: SMG) has seen its stock fall over 40% from an April high to a recent $146. Investors have worried about lower consumer demand in 2022 and narrower profit margins.


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