‘Volatile’ cannabis business causes Scotts Miracle-Gro to shed hydroponic grow unit - MarketWatch

1. Scotts Miracle-Gro plans to separate Hawthorne to boost its valuation. 2. Hawthorne's sales fell 35% to $52 million in the first fiscal quarter. 3. Analyst sees separation as a positive move to reduce earnings volatility. 4. Past consumer brands have exited cannabis, impacting Scotts Miracle-Gro's position. 5. Despite Hawthorne, SMG's overall sales increased to $417 million.