Trump privately backed marijuana rescheduling since taking office: Scotts Miracle-Gro CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2025
0mins
Source: SeekingAlpha
Trump's Commitment to Cannabis Reform: Scotts Miracle-Gro CEO James Hagedorn stated that President Donald Trump has privately committed to advancing cannabis rescheduling reforms since taking office, with ongoing discussions about a proposal from the Biden administration to reclassify marijuana as a low-risk substance.
DEA Administrator's Stance: Hagedorn commented on the new DEA administrator Terrance Cole's decision not to prioritize cannabis rescheduling, suggesting that Trump's influence could still lead to changes in cannabis policy despite current agency priorities.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SMG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on SMG
Wall Street analysts forecast SMG stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 62.620
Low
51.37
Averages
64.09
High
74.00
Current: 62.620
Low
51.37
Averages
64.09
High
74.00
About SMG
The Scotts Miracle-Gro Company is engaged in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. The Company’s products are primarily sold in North America. The U.S. Consumer segment consists of its consumer lawn and garden business in the United States. Its consumer lawn and garden brands include Scotts, Turf Builder, lawn fertilizer and Scotts, grass seed products; Miracle-Gro soil, plant food, and gardening products; Ortho herbicide and pesticide products, and Tomcat rodent control and animal repellent products. The Other segment consists of its consumer lawn and garden business in Canada. Its products include Turf Builder Halts Crabgrass Preventer with Lawn Food, Turf Builder Weed & Feed5, Turf Builder SummerGuard Lawn Food with Insect Control, Turf Builder Southern Lawn Food, Turf Builder EdgeGuard Mini Broadcast Spreader, Turf Builder Bonus S Southern Weed & Feed₂ Turf Builder Lawn Food and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investigation into Scotts Miracle-Gro Company Shareholder Rights
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers of Scotts Miracle-Gro Company breached their fiduciary duties, potentially leading to financial losses for shareholders and impacting corporate governance.
- Contingent Fee Arrangement: The law firm promises to handle the case without upfront costs, meaning shareholders will not incur additional financial burdens while seeking legal remedies, thereby lowering the barrier to participation.
- Importance of Shareholder Involvement: Shareholder participation can drive improvements in company policies and oversight mechanisms, enhancing transparency and accountability, which in turn can increase shareholder value and promote long-term corporate health.
- Global Investor Representation: Halper Sadeh LLC represents investors worldwide, focusing on combating securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors, showcasing its expertise in protecting investor rights.
See More
Analysis of SMG's 52-Week High and Low Points
- Price Fluctuation Analysis: SMG's 52-week low is $45.61 per share, while the high is $72.35, with the last trade at $60.49, indicating significant price volatility and reflecting market caution regarding its future performance.
- Market Trend Observation: The current stock price is close to the 52-week low, which may suggest a lack of investor confidence in SMG, necessitating close monitoring of its subsequent performance to assess potential rebound opportunities.
- Technical Indicator Reference: SMG's stock price has fallen below the 200-day moving average, typically viewed as a technical sell signal, which could lead to further selling pressure and impact short-term market performance.
- Investor Sentiment Assessment: Although the current stock price is below the 52-week high, it is essential to consider overall market sentiment and industry dynamics to evaluate SMG's long-term investment value.
See More
Vireo Growth Inc. Reveals Purchase of The Hawthorne Gardening Company from Scotts Miracle-Gro Company
Acquisition Announcement: Vireo Growth Inc. has announced the acquisition of the Hawthorne Gardening Company from Scotts Miracle-Gro Company.
Strategic Move: This acquisition is part of Vireo Growth's strategy to expand its operations and enhance its product offerings in the gardening sector.
See More
Scotts Miracle-Gro Reaffirms Fiscal 2026 Guidance Amid Commodity Stability
- Guidance Reaffirmation: Scotts Miracle-Gro reaffirms its fiscal 2026 guidance, indicating that significant global commodity impacts from the Iran War are not expected to affect its full-year outlook, reflecting strong market confidence.
- Commodity Locking Status: As of March 28, 2026, approximately 80% of commodities were locked, with 90% of cost of goods sold sourced domestically, including nearly 100% of urea, ensuring supply chain stability for the company.
- Debt Management Progress: The company's debt-to-EBITDA leverage ratio was below 4 times at the close of the fiscal second quarter, marking significant progress in debt reduction and laying the groundwork for future reinvestment and shareholder-friendly actions.
- Strong Market Demand: The company has observed strong consumer engagement with its brands, expecting this early momentum to carry into the fiscal third quarter, particularly during the peak lawn and garden season, indicating robust market demand even amid inflationary and recessionary pressures.
See More
Meta Platforms Faces Legal Setbacks, Stock Drops Over 6%
- Meta Legal Setbacks: Meta Platforms' stock dropped over 6% following losses in two major legal cases concerning child safety, raising concerns about Big Tech's role in social media safety and free speech protections, despite relatively minor financial penalties.
- AppLovin's Decline: AppLovin's shares fell nearly 8% due to reports of weakening e-commerce spending trends, with insufficient new client momentum to offset churn in Q1, highlighting potential challenges in maintaining growth.
- Brown-Forman's Surge: Shares of Brown-Forman rose over 14% after Bloomberg reported that French spirits company Pernod Ricard is considering a bid, indicating strong market interest in the company's future acquisition potential.
- Pony AI's Expansion Plans: Pony AI's stock fell 13% after announcing ambitious robotaxi expansion plans alongside its first quarterly profit, but an 18% revenue drop due to project timing raises concerns about margin pressures despite doubling robotaxi revenue.
See More
Wall Street's Latest Ratings: Apple and Dell Rated Buy
- Apple and Dell Benefiting: Goldman Sachs reiterates Buy ratings for Apple (AAPL) and Dell (DELL), citing increased demand for PC hardware driven by the rise of open-source autonomous AI agents, which is expected to enhance their market performance.
- Abercrombie & Fitch Coverage Initiated: Needham initiates coverage on Abercrombie & Fitch (ANF) with a Buy rating and a $108 price target, believing that after a challenging FY25, the company's fundamentals are stabilizing, making it attractive for investors.
- Spotify Performance Outlook: Daiwa rates Spotify Technology (SPOT) as Outperform with a $535 price target, based on expectations of steady revenue growth, indicating confidence in its future development.
- Somnigroup International Upgrade: Jefferies upgrades Somnigroup International (SGI) from Hold to Buy, noting that SGI shares have fallen about 17% since the start of the Iran war, yet its valuation remains attractive, reflecting market confidence in its future growth potential.
See More
Investigation into Scotts Miracle-Gro Company Shareholder Rights
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers of Scotts Miracle-Gro Company breached their fiduciary duties, potentially leading to financial losses for shareholders and impacting corporate governance.
- Contingent Fee Arrangement: The law firm promises to handle the case without upfront costs, meaning shareholders will not incur additional financial burdens while seeking legal remedies, thereby lowering the barrier to participation.
- Importance of Shareholder Involvement: Shareholder participation can drive improvements in company policies and oversight mechanisms, enhancing transparency and accountability, which in turn can increase shareholder value and promote long-term corporate health.
- Global Investor Representation: Halper Sadeh LLC represents investors worldwide, focusing on combating securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors, showcasing its expertise in protecting investor rights.
See More
Analysis of SMG's 52-Week High and Low Points
- Price Fluctuation Analysis: SMG's 52-week low is $45.61 per share, while the high is $72.35, with the last trade at $60.49, indicating significant price volatility and reflecting market caution regarding its future performance.
- Market Trend Observation: The current stock price is close to the 52-week low, which may suggest a lack of investor confidence in SMG, necessitating close monitoring of its subsequent performance to assess potential rebound opportunities.
- Technical Indicator Reference: SMG's stock price has fallen below the 200-day moving average, typically viewed as a technical sell signal, which could lead to further selling pressure and impact short-term market performance.
- Investor Sentiment Assessment: Although the current stock price is below the 52-week high, it is essential to consider overall market sentiment and industry dynamics to evaluate SMG's long-term investment value.
See More
Vireo Growth Inc. Reveals Purchase of The Hawthorne Gardening Company from Scotts Miracle-Gro Company
Acquisition Announcement: Vireo Growth Inc. has announced the acquisition of the Hawthorne Gardening Company from Scotts Miracle-Gro Company.
Strategic Move: This acquisition is part of Vireo Growth's strategy to expand its operations and enhance its product offerings in the gardening sector.
See More
Scotts Miracle-Gro Reaffirms Fiscal 2026 Guidance Amid Commodity Stability
- Guidance Reaffirmation: Scotts Miracle-Gro reaffirms its fiscal 2026 guidance, indicating that significant global commodity impacts from the Iran War are not expected to affect its full-year outlook, reflecting strong market confidence.
- Commodity Locking Status: As of March 28, 2026, approximately 80% of commodities were locked, with 90% of cost of goods sold sourced domestically, including nearly 100% of urea, ensuring supply chain stability for the company.
- Debt Management Progress: The company's debt-to-EBITDA leverage ratio was below 4 times at the close of the fiscal second quarter, marking significant progress in debt reduction and laying the groundwork for future reinvestment and shareholder-friendly actions.
- Strong Market Demand: The company has observed strong consumer engagement with its brands, expecting this early momentum to carry into the fiscal third quarter, particularly during the peak lawn and garden season, indicating robust market demand even amid inflationary and recessionary pressures.
See More
Meta Platforms Faces Legal Setbacks, Stock Drops Over 6%
- Meta Legal Setbacks: Meta Platforms' stock dropped over 6% following losses in two major legal cases concerning child safety, raising concerns about Big Tech's role in social media safety and free speech protections, despite relatively minor financial penalties.
- AppLovin's Decline: AppLovin's shares fell nearly 8% due to reports of weakening e-commerce spending trends, with insufficient new client momentum to offset churn in Q1, highlighting potential challenges in maintaining growth.
- Brown-Forman's Surge: Shares of Brown-Forman rose over 14% after Bloomberg reported that French spirits company Pernod Ricard is considering a bid, indicating strong market interest in the company's future acquisition potential.
- Pony AI's Expansion Plans: Pony AI's stock fell 13% after announcing ambitious robotaxi expansion plans alongside its first quarterly profit, but an 18% revenue drop due to project timing raises concerns about margin pressures despite doubling robotaxi revenue.
See More
Wall Street's Latest Ratings: Apple and Dell Rated Buy
- Apple and Dell Benefiting: Goldman Sachs reiterates Buy ratings for Apple (AAPL) and Dell (DELL), citing increased demand for PC hardware driven by the rise of open-source autonomous AI agents, which is expected to enhance their market performance.
- Abercrombie & Fitch Coverage Initiated: Needham initiates coverage on Abercrombie & Fitch (ANF) with a Buy rating and a $108 price target, believing that after a challenging FY25, the company's fundamentals are stabilizing, making it attractive for investors.
- Spotify Performance Outlook: Daiwa rates Spotify Technology (SPOT) as Outperform with a $535 price target, based on expectations of steady revenue growth, indicating confidence in its future development.
- Somnigroup International Upgrade: Jefferies upgrades Somnigroup International (SGI) from Hold to Buy, noting that SGI shares have fallen about 17% since the start of the Iran war, yet its valuation remains attractive, reflecting market confidence in its future growth potential.
See More
