--- title: Unlocking Value In The Cannabis Market Jim Hagedorn Has A Strategy For Navigating Legalization description: Value investors rarely get a chance to participate in fast-growing trends. image: https://www.blog.boyarvaluegroup.com/hubfs/Cannabis.jpg --- [Skip to content](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/unlocking-value-in-the-cannabis-market-jim-hagedorn-has-a-strategy-for-navigating-legalization#main-content) [![logo](https://www.blog.boyarvaluegroup.com/hs-fs/hubfs/Boyar_October2018%20Theme/Images/logo.png?width=110&height=70&name=logo.png "logo")](https://boyarvaluegroup.com) [![logo-inverted](https://f.hubspotusercontent10.net/hubfs/2333817/GiantFocal_Marketplace/March/logos/logo-inverted.svg "logo-inverted")](https://boyarvaluegroup.com) - Boyar Family of Companies #### Boyar Family of Companies Whether uncovering a new idea for our research subscribers, managing pension funds, or handling accounts for individual investors, our research-driven insights help both professional and individual investors pursue their investment goals.  [![Boyar\_Logo\_Asset\_Management-May-31-2023-08-39-05-3251-AM](https://www.blog.boyarvaluegroup.com/hs-fs/hubfs/Boyar_Logo_Asset_Management-May-31-2023-08-39-05-3251-AM.png?width=539&height=200&name=Boyar_Logo_Asset_Management-May-31-2023-08-39-05-3251-AM.png)](https://www.boyarassetmanagement.com/) Boyar Asset Management focuses on investing in the equity securities of intrinsically undervalued companies. 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The momentum behind areas poised for rapid growth—say, artificial intelligence, electric cars or battery technology—typically means a higher valuation than a value investor can justify. Cannabis stocks are no exception. Even after a substantial correction in cannabis share prices, many of the available opportunities in that space are still selling at sky-high multiples based on traditional valuation metrics. We’ve previously highlighted situations where value investors are able to [invest alongside expert capital allocators](https://www.forbes.com/sites/jonathanboyar/2021/02/09/from-discovery-to-coke-companies-taking-the-long-term-view-to-create-shareholder-value/?sh=1ebbcadb756d). Doing so helps investors take advantage of these experts’ foresight and strategic positioning. If you’re a value investor looking for an entry into the cannabis market, you might want to look toward Jim Hagedorn, who serves as the CEO of Scotts Miracle-Gro [SMG](https://www.forbes.com/companies/scotts-miracle-gro) [+0.4%](https://www.forbes.com/companies/scotts-miracle-gro) (SMG), as a guide. Jim has built Scotts into a juggernaut in the lawn and garden industry with iconic brands (Scotts, Miracle-Gro, etc.). He has also been quietly assembling a formidable cannabis business, which investors can essentially acquire for free: At the current SMG stock price, investors are purchasing shares in Scotts Miracle-Gro’s traditional gardening business at a fair valuation and receiving the fast-growing cannabis business at virtually zero cost. ***[Click Here To Read The Full Article](https://www.forbes.com/sites/jonathanboyar/2022/01/06/unlocking-value-in-the-cannabis-market-jim-hagedorn-has-a-strategy-for-navigating-legalization/?sh=2e428c187e03)*** [Forbes](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/tag/forbes) [Jul 21, 2026 "I'll Take Manhattan": How John Catsimatidis Built a $4 Billion Empire](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/john-catsimatidis) [Oct 23, 2026 The Boyar Value Group’s 3rd Quarter Letter 2026](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/3rd-quarter-letter-2026) [Oct 7, 2026 Microcap Investing with Ian Cassel: The Stocks Wall Street Can't Buy](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/ian-cassel) [Previous Unlocking Value In The Cannabis Market Jim Hagedorn Has A Strategy For Navigating Legalization](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/newsroom/unlocking-value-in-the-cannabis-market-jim-hagedorn-has-a-strategy-for-navigating-legalization) [Next The Boyar Value Group’s 4th Quarter 2021 Client Letter](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/blog/the-boyar-value-groups-2nd-quarter-2019-client-letter-0-0-0-0) ![website footer logo](https://www.blog.boyarvaluegroup.com/hubfs/website%20footer%20logo.webp) Since 1975 the Boyar family of companies has focused on creating value for our clients — by seeking out and investing in companies whose intrinsic value significantly exceeds that of its current market price. ##### Social Links ![facebook](https://www.blog.boyarvaluegroup.com/hubfs/facebook.webp) ### Facebook ![linkedin](https://www.blog.boyarvaluegroup.com/hubfs/linkedin.webp) ### Linkedin ![twitter](https://www.blog.boyarvaluegroup.com/hubfs/twitter.webp) ### Twitter ##### Contact us ![email](https://www.blog.boyarvaluegroup.com/hubfs/email.webp) ### info@boyarvaluegroup.com [mailto:info@boyarvaluegroup.com](mailto:info@boyarvaluegroup.com) ![phone](https://www.blog.boyarvaluegroup.com/hubfs/phone.webp) ### (212) 995-8300 ![map](https://www.blog.boyarvaluegroup.com/hubfs/map.webp) ### 667 Madison Avenue, 5th Floor New York, NY 10065 ##### Newsletter [Subscribe To Our Substack](https://boyarresearch.substack.com/) © 2026 Boyar's Intrinsic Value Research LLC. 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