After Scotts Miracle-Gro bought a hydroponic company, its stock price rose, and JP Morgan thinks it should be higher, according to an Aug. 4, 2016, article by CNN. The hydroponic company, General Hydroponics, makes liquids that can be used to grow marijuana indoors.
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Is this an oversold bounce or is the tide finally turning in the cannabis space? Investor interest seems to be hanging around again today, albeit not to the same degree as yesterday.