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J.P. Morgan recently said that when it comes to stocks, “Scotts Miracle-Gro is a Marijuana Play,” but that certainly doesn’t take into account the moral implications of investing in such an appalling company.
Scotts Miracle-Gro, a multi-billion-dollar petrochemical conglomerate, recently entered the marijuana business with their 2015 purchase of General Hydroponics. While J.P Morgan may see the upside in this acquisition, we here at HIGH TIMES beg to differ.
Since 1998,the company has been in collaboration with Monsanto, the “most evil company in the world” (google it). Among their many dubious achievements are Agent Orange, DDT, Roundup and saccharine, so I don’t think their emphasis is on the safety and health of the end user.
According to their Wikipedia page, Scotts is “Monsanto’s exclusive agent for the marketing and distribution of consumer Roundup.” They also “sold toxic bird seed coated in pesticide known as deadly to birds and fish.” for years. They were fined by the USDA for allowing their genetically modified grass to mix with native grasses.
As a side note, during the 2012 United States presidential election the company endorsed Republican Party candidate Mitt Romney.
They are clearly not a friend to the marijuana grower or consumer.
So, if you want to make money in the “cannabis space,” try investing in companies like Terra Tech (TRTC), Growblox Sciences (GBLX) and Insys Therapeutics, Inc. (INSY).
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JP Morgan has no room to talk about fraud, they got sued in court for it. Although I would never invest in any company that is in any way affiliated with Monsanto nor would I ever invest in JP Morgan.
the Scotts brands like Miracle grow, General Hydroponics, Botanicare are low end cheap nutes -the hydro stores push them because of the high profit margins hence screwing customers
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Like any other stocks do your research before investing! I'm not so sure I'd take the word of JP Morgan ...