QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Posts Update Regarding Recent Investment Amid Pending Hemp Bill Passage
Company management of Sugarmade (OTC: SGMD), a hydroponic supply company, this morning commented on its recent investment into the industrial hemp market as the pending Hemp Bill of 2018 appears to be on the verge of passage and enactment into federal law. The company believes the hemp portion of the farm bill will benefit Sugarmade and its shareholders if it passes. Sugarmade recently announced that it is committing capital to invest in Hempistry, Inc., a privately held Nevada corporation, which has started planting an ultra-high CBD industrial hemp strain in Kentucky. “Cultivation of hemp on the Kentucky site began in…