Scotts' hydroponics business slowed by 'bottleneck' in California's recreational marijuana industry, CEO says

A regulatory "bottleneck" in implementing myriad local rules for California's new recreational marijuana industry – compounded by wildfires and mudslides – slowed sales for Scotts Miracle-Gro Co.'s hydroponics division to start its fiscal 2018. But CEO James Hagedorn says not only should the problem be temporary, it could be beneficial. The Hawthorne Gardening subsidiary still was responsible for a 7 per cent sales increase to $221.5 million in the quarter that ended Dec. 31; every year the…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Authors: Source Type: news