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Posted On: 07/18/2019 1:57:12 PM
Post# of 145149
$SGMD big news out today: July 18, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsAudio – Sugarmade Inc. (OTC:SGMD) announces the availability of an audio press release titled, “With 10,000 Licenses Issued, California Reflects the Growing Power of Hemp.”
To hear the CannabisNewsAudio version, visit: http://cnw.fm/06dBg.
To read the full editorial, visit: http://cnw.fm/Ru1jl.
The past year has seen substantial growth in the Californian hemp industry, and with that growth came challenges for the state’s governing bodies. The state is home to one of the largest legalized recreational cannabis markets in the world, and Californian authorities have reportedly issued over 10,000 licenses to producers, processors and retailers involved in the cannabis industry. This includes those working with hemp, a nonpsychotropic form of cannabis, and CBD, a chemical derived from hemp.The swift growth of the state’s industry almost triggered a crisis this spring, as thousands of temporary licenses were set to expire before authorities had time to process permanent licenses. The state senate stepped in to extend the duration of temporary licenses and protect law-abiding business owners from a bureaucracy struggling to keep up with demand.
For companies working with hemp and related products, California is possibly the most business-friendly place in the world to be based. The state is headquarters for a wide range of companies working in the sector, from producers and retailers to companies providing support services, such as Sugarmade Inc. (OTC:SGMD). https://www.otcmarkets.com/stock/SGMD/news
To hear the CannabisNewsAudio version, visit: http://cnw.fm/06dBg.
To read the full editorial, visit: http://cnw.fm/Ru1jl.
The past year has seen substantial growth in the Californian hemp industry, and with that growth came challenges for the state’s governing bodies. The state is home to one of the largest legalized recreational cannabis markets in the world, and Californian authorities have reportedly issued over 10,000 licenses to producers, processors and retailers involved in the cannabis industry. This includes those working with hemp, a nonpsychotropic form of cannabis, and CBD, a chemical derived from hemp.The swift growth of the state’s industry almost triggered a crisis this spring, as thousands of temporary licenses were set to expire before authorities had time to process permanent licenses. The state senate stepped in to extend the duration of temporary licenses and protect law-abiding business owners from a bureaucracy struggling to keep up with demand.
For companies working with hemp and related products, California is possibly the most business-friendly place in the world to be based. The state is headquarters for a wide range of companies working in the sector, from producers and retailers to companies providing support services, such as Sugarmade Inc. (OTC:SGMD). https://www.otcmarkets.com/stock/SGMD/news
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