As the cannabis industry continues to grow, and legislative reform continues to develop, it wouldn’t be crazy to think Amazon is eyeing the industry. It would not be the first major company to do so.
Scotts Miracle-Gro (NYSE:SMG) IPOed back in 1992, has realized some insane growth since it recently started diving into the ancillary cannabis space. These cannabis-focused investments by Scotts have synergies-galore.
The main point here is that when a major company with readily available capital comes across an attractive deal that overlaps with it’s existing business — while also bringing growth opportunities for the future — it’s tough to turn down.
We’ve pretty much narrowed down Amazon’s existing synergies with the cannabis industry to the following categories:
- Delivery & Payments
- Smart / IOT Devices
- Smart / IOT AgTech
If there’s another cannabis sub-sector you believe could be in Amazon’s crosshairs, be sure to drop us a comment below! If there’s any other takeaway from this article, it’s that Amazon is a force to be reckoned with.
Be sure to subscribe to Growth Stock Network so you never miss an update.
GSN DISCLAIMER: INVESTING IN STOCKS IS HIGHLY SPECULATIVE. THE PUBLISHERS OF GROWTHSTOCKNETWORK.COM AREN’T REGISTERED AS INVESTMENT ADVISORS OR BROKER-DEALERS IN VIRTUALLY ANY JURISDICTION WHATSOEVER. INVESTORS SHOULD SEEK FINANCIAL ADVICE CONCERNING THE APPROPRIATENESS OF INVESTING IN ALMOST ANY SECURITIES.