How Scotts Miracle-Gro's Weed Business Went Up in Smoke

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  Hey everyone, it's Jess. I'm here to say that my colleague,

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  Oyen Ededoyen, will be guest hosting today's episode.

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  Enjoy!

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  In the wake of the 2008 recession, Scott's Miracle-Gro was struggling.

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  The gardening giant's customer base was drying up.

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  We had people spending less on their lawns and gardens

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  because there were other things to prioritize spending on.

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  That's my colleague, Dean Seale.

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  The recession obviously hit consumers, but they also hit businesses.

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  So Home Depot, Lowe's, you know, they stopped building as many new stores.

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  And when your main retailer isn't building as many stores,

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  you can't grow as rapidly as you were before.

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  But while gardeners were cutting back, a whole new industry was just starting to bloom.

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  Cannabis.

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  The first legal marijuana stores in Washington state opened their doors today.

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  Colorado became the first state to allow pot to be bought and sold for recreational use.

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  Virginia is the first southern state to legalize marijuana.

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  The Vermont legislature is one step away from legalizing marijuana.

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  By the early 2010s,

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  medical cannabis had started to become bigger and bigger as more states were legalizing it.

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