QualityStocksNewsBreaks – 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…