WALL STREET JOURNAL: Scotts Miracle-Gro Co. has long sold weed killer. Now, it’s hoping to help people grow killer weed. In an unlikely move for the head of a major company, Scotts Chief Executive Jim Hagedorn said he is exploring targeting medical marijuana as well as other niches to help boost sales at his lawn and garden company. “I want to target the pot market,” Mr. Hagedorn said in an interview. “There’s no good reason we haven’t.” Sales at Scotts rose 5% last year to $2.9 billion. But the Marysville, Ohio, company relies on sales at three key retailers—Home Depot Inc., Lowe’s Cos. and Wal-Mart Stores Inc.—for nearly two-thirds of its revenue. With consumers still cautious about spending, the retailers aren’t building new stores as quickly as they used to, making growth for suppliers like Scotts harder to come by. Against that backdrop, Mr. Hagedorn has pushed his regional sales presidents to look for smaller pockets of growth, such as the marijuana market, that together could produce a noticeable bump in sales. MORE
RELATED: TV host Montel Williams plans to open a medical marijuana 
dispensary in Sacramento. On Monday, he gave reporters a tour of the facility, saying marijuana has helped him cope with multiple sclerosis. “We believe they’re coming in here to be educated,” Williams told News 10 of potential customers. “They’re coming in here so they can feel comfortable, so to make them feel comfortable we’re going to be providing them with more information and more guidance than I believe any facility in this country is attempting to do.” MORE