Scotts Miracle-Gro gets into the venture capital business with a $50 million fund, because it's 2020

Scotts Miracle-Gro, the lawn care and fertilizer giant that has opened up a secondary business as a pioneer in cannabis and hemp cultivation, is launching a $50 million corporate venture capital fund called1868 Ventures. Is it strange that a fertilizer company would commit to a $50 million fund to invest in two to three startup companies per year over the next few years? New discoveries around crop cultivation, the development of organic pesticides and herbicides, and the wave of new applications for hemp and cannabinoids in manufacturing, healthcare, and legal recreational use are creating new opportunities for the business and Scotts Miracle-Gro is looking to capitalize on them.

from Yahoo Tech https://ift.tt/2Zl6Pkw