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Miracle-Gro hopes to expand into medical marijuana market

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As growth slows, the Scotts Miracle-Gro Company is looking to the expanding medical marijuana industry as a new source of revenue.

Scotts’ Chief Executive Jim Hagedorn told the Wall Street Journal that he is exploring medical marijuana and other niche markets to help boost sales. The company currently relies on major retailers like Home Depot, Lowe’s and Wal-Mart for nearly two-thirds of its revenue, but they as the growth of these key retailers has slowed, so has Scotts’ sales.

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“I want to target the pot market,” Hagedorn said. “There’s no good reason we haven’t.”

A report released in March by the independent financial analysis firm See Change Strategy LLC, found that medical marijuana now has a $1.7 billion market and predicted that it will double in the next five years.

The growth of the market is being driven by increased patient access and the adoption of regulations that facilitate the sale of medical marijuana. The sale of medical marijuana has been legalized in Alaska, Arizona, California, Colorado, Michigan, Montana, Oregon, Washington, New Jersey, New Mexico, Maine, Rhode Island and the District of Columbia.

Hagedorn said that Scotts would probably buy small companies that have already created a line of products for marijuana cultivation, rather than develop its own products.

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Jay-Z files second civil lawsuit against Mississippi prison for ‘barbaric’ treatment of inmates

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Alleging "barbaric" conditions, rapper and record executive Jay-Z has filed a lawsuit against the Mississippi Department of Corrections on behalf of 152 inmates, The Guardian reports.

The lawsuit states that Parchman prison is responsible for "abhorrent conditions, abuse and constant violence, inadequate health care and mental health care, and overuse of isolation," adding that "the people confined at Parchman live a miserable and hopeless existence confronted daily by imminent risk of substantial harm in violation of their rights under the US Constitution."

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Scottish lawmaker: Reasonable grounds to suspect Trump or his associates ‘have been involved in serious crime’

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A Member of the Scottish Parliament is asking his fellow ministers to investigate President Donald Trump’s deals through which he acquired his properties in Scotland, including Trump’s two multi-million dollar losing golf courses. President Trump prizes his Turnberry, Scotland  resort, but reports that the American president is using the U.S. federal government to help keep it afloat have dogged him.

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Florida woman zips boyfriend into suitcase and lets him suffocate: police

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A Florida woman zipped her boyfriend into a suitcase and recorded video as he suffocated to death, police said.

Sarah Boone was arrested on second-degree murder charges in the death of Jorge Torres Jr., who died inside a suitcase during an apparent domestic dispute, reported WESH-TV.

The 42-year-old Boone told police that she had been drinking chardonnay with Torres, who she said agreed to climb into the suitcase and be zipped inside as a joke.

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