Editor's note: This article has been reviewed and updated for accuracy in 2026. There seems to be a near-consensus opinion that cannabis will continue to be one of the world’s fastest-growing industries over the next 20 to 30 years. With medicinal and recreational cannabis legal to some extent throughout Canada and more American states jumping on board seemingly every year, the industry is in the early stages of a massive boom. Of course, it’s not just companies directly involved in the cannabis business that stand to benefit. Several industries should see a boost in revenue as cannabis continues to become available legally to larger sections of the population of North America. Scotts Miracle-Gro is one such company that has noticed the potential of cannabis – and they’re investing accordingly. Brief History of Scotts Miracle-Gro Scotts Miracle-Gro is by no means a new name. The company was founded in 1868 when founder O.M. Scott sold lawn seeds to members of the agricultural industry. By the early part of the 20th century, they were selling grass seeds to homeowners. So, for over 150 years, Scotts has maintained one of the most recognizable brand names in lawn care, gardening, and pest control. In fact, the company has over 20 subsidiary brands throughout the U.S. and beyond. While Scotts has never been the most glamorous company, there’s no denying that it has stood the test of time and been a reliable resource for consumers who care about having nice-looking lawns and gardens. Growth in the industry can be slow, but there’s little chance of lawncare and pest control products ever going out of fashion. As Scotts Chairman and CEO Jim Hagedorn puts it on the company’s website: “We help people express themselves on their own piece