Following months of negotiations and various offers, Germany-based Bayer has finally sealed the deal with Monsanto, purchasing the seed giant for $66 billion. The merger is reported to be the largest all-cash deal on record.
The purchase means a lot of things, and none of them good for consumers. For one, it strengthens the monopolization of the world’s food supply. It also means more genetically modified organisms (GMOs) and chemicals to be doused on them.
Now, some are predicting the merge could also mean the takeover of the marijuana industry. Monsanto has an intimate business relationship with Scotts Miracle-Gro, “a convicted corporate criminal– and Scott’s Miracle-Gro is trying to take over the marijuana industry,” according to Big Buds Mag.