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Home 🌿 Marijuana Business News 🌿 All signs point to a corporate takeover of the marijuana industry by Bayer, Monsanto 🌿

All signs point to a corporate takeover of the marijuana industry by Bayer, Monsanto

Submitted by Marijuana News on Thu, 10/20/2016 - 09:22

Following months of negotiations and various offers, Germany-based Bayer has finally sealed the deal with Monsanto, purchasing the seed giant for $66 billion. The merger is reported to be the largest all-cash deal on record.

The purchase means a lot of things, and none of them good for consumers. For one, it strengthens the monopolization of the world’s food supply. It also means more genetically modified organisms (GMOs) and chemicals to be doused on them.

Now, some are predicting the merge could also mean the takeover of the marijuana industry. Monsanto has an intimate business relationship with Scotts Miracle-Gro, “a convicted corporate criminal– and Scott’s Miracle-Gro is trying to take over the marijuana industry,” according to Big Buds Mag.

Is Monsanto going after the pot industry?

Scott’s Miracle-Gro has looked to capitalize on the expanding pot industry in states where the plant has been legalized or decriminalized. The company’s CEO,...

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