Categories: aggregated

The Bubble Continues to Burst in the Cannabis Industry as Pick and Shovel Plays Flop on Earnings Reports

Hawthorne Gardening Co., the subsidiary responsible for marijuana cultivation under Scotts Miracle-Gro, saw its sales further diminish in the quarter ending on July 1st. Based in Ohio, Scotts experienced a 6% drop in overall sales, amounting to $1.12 billion. This decline was primarily attributed to a substantial 40% reduction in sales at Hawthorne, as outlined in an official press release.

Jason

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