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Entries in Pot (2)

Tuesday
Jun142011

Scotts Miracle-Gro to Tap into Marijuana Market?

David McNew/Getty Images(NEW YORK) -- Scotts Miracle-Gro, a leader in lawn care and garden products, is reportedly looking to cash in on the medical marijuana growing industry.

"I want to target the pot market," the company's CEO, Jim Hagedorn, said in an interview, according to The Wall Street Journal.  "There's no good reason we haven't."

Hagedorn hopes that by delving into medical marijuana,  Scotts Miracle-Gro will receive a boost in sales.

So far, the use of pot for medical purposes has been legalized in 16 states.  See Change Strategy LLC, an information data services company, estimates that sales of medical marijuana will near $2 billion this year.

Copyright 2011 ABC News Radio

Tuesday
Sep212010

California Pot Growers Join Union

(NEW YORK) -- A union in Northern California is lighting up controversy with its recent decision to unionize a group of medical marijuana growers.  The Teamsters Local 70 Union in Oakland signed up nearly 40 new members earlier this month.  All members work at a medical marijuana company called Marjyn Investments LLC, which contracts with medical marijuana patients to grow their pot for them.  The Marjyn employees, who do everything from gardening to cloning the plants, are now the nation's first group of unionized marijuana growers, though their business of cultivating cannabis remains a crime under federal law.  Teamsters organizer Lou Marchetti is the man who signed up the growers and negotiated a two-year contract for them. They'll now receive a number of benefits, including paid vacation and set pay increases.

Copyright 2010 ABC News Radio

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