Miracle-Gro High on Medical Marijuana

The words "potting soil" could soon take on a whole new meaning.

"I want to target the pot market," Scotts Miracle-Gro Company CEO Jim Hagedorn told the Wall Street Journal. He's talking about helping people grow medical marijuana.

California could be big potential market for a new line of products, since it's one of the few states that have legalized medical marijuana.

Hagedorn said he's looking for such niche sources of growth to help boost sales of his lawn and garden company.

The medical marijuana market is expected to hit $1.7 billion in sales this year, according to See Change Strategy LLC, an information data services company.

The Wall Street Journal reported that Scotts products have been found during raids on pot-growing operations.

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