Scotts Miracle-Gro CEO says cannabis business is 'mostly off the table'

Scotts Miracle-Gro CEO says cannabis business is 'mostly off the table'

In a Friday interview with CNBC's Jim Cramer, Scotts Miracle-Gro CEO Jim Hagedorn addressed the company's recent efforts to offload its cannabis business.

File Under Bad Ideas: 50/50 Cannabis Business Ownership

There are many ways to set up a cannabis business, and we like to think that we've seen them all. But there's probably no worse category than 50/50 ownership of a business– a recipe for all sorts of disasters. Let's look and why that is, and some ways to avoid it. What 50/50 ownership means, exactly When I talk about 50/50 ownership, I mean two people or entities who own all of the voting rights in a business. For example, this would mean two pe…