The Bubble Continues to Burst in the Cannabis Industry as Pick and Shovel Plays Flop on Earnings Reports
August 16, 2023
![](http://cannabis.net/drive/1000/3743_hbw1_scottsmiraclegrowcannabis.jpg?width=200&height=200)
Hawthorne Gardening Co., the subsidiary responsible for marijuana cultivation under Scotts Miracle-Gro, saw its sales further diminish in the quarter ending on July 1st. Based in Ohio, Scotts experienced a 6% drop in overall sales, amounting to $1.12 billion. This decline was primarily attributed to a substantial 40% reduction in sales at Hawthorne, as outlined in an official press release.