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Posted On: 11/06/2018 4:08:19 PM
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NetworkNewsBreaks – Sugarmade, Inc. (SGMD) to Reap the Rewards of Explosive Growth in the CBD Market
Hydroponics supply company Sugarmade (OTCQB: SGMD) is expanding in the rapidly growing cannabis industry through acquisitions, including a direct investment in hemp production. A recent article discussing the company reads, “Sugarmade is also positioned to benefit through a more direct investment in the cultivation of hemp for production of cannabidiol, or CBD, a compound with therapeutic benefits. Sugarmade recently committed a million-dollar investment in Hempistry, Inc., which is cultivating an ultra-high-CBD strain of hemp on 23,000 acres in Kentucky. The Hemp Business Journal has forecast that the U.S. market for hemp products will reach $1.9 billion by 2022, with $646 million of that coming from CDB.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Hydroponics supply company Sugarmade (OTCQB: SGMD) is expanding in the rapidly growing cannabis industry through acquisitions, including a direct investment in hemp production. A recent article discussing the company reads, “Sugarmade is also positioned to benefit through a more direct investment in the cultivation of hemp for production of cannabidiol, or CBD, a compound with therapeutic benefits. Sugarmade recently committed a million-dollar investment in Hempistry, Inc., which is cultivating an ultra-high-CBD strain of hemp on 23,000 acres in Kentucky. The Hemp Business Journal has forecast that the U.S. market for hemp products will reach $1.9 billion by 2022, with $646 million of that coming from CDB.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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