Cannabis Capitalist: Scotts Miracle-Gro CEO Bets Big On Pot Growers
Strapped into the pilot’s seat of his private jet, Scotts Miracle-Gro CEO Jim Hagedorn thrusts the throttle forward and hurtles down the runway, a typical start to the day for the former F-16 fighter pilot, who commutes 500 miles from his home on Long Island, N.Y. to his office outside Columbus, Ohio. For an hour and a half every morning and every afternoon, Hagedorn sits behind the control stick of his plane, pushes the seat back and lets his mind run wild.
His latest idea: “Invest, like, half a billion in the pot business,” he yells over the roar of two engines powering his camouflaged Cessna Citation. “It is the biggest thing I’ve ever seen in lawn and garden.”
No one has a better perspective on the lawn and garden business than Hagedorn, who, after watching his father build Miracle-Gro into a national brand, orchestrated its merger with Scotts in...
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