Scotts Miracle-Gro doubles down on legal cannabis with hydroponics, grow lighting acquisitions

Scotts Miracle-Gro is hiking its holdings in hydroponics. The lawn-and-garden giant — helmed by a CEO who sees legal marijuana as a billion-dollar opportunity — shelled out $136 million for Gavita, a Dutch grow lighting and hardware company, and on Monday inked a deal to buy Arizona-based Botanicare, a plant nutrient and hydroponics products provider…