QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) on Course to Quadruple Distribution Footprint, Establish Cultivation Operations
Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has signed a definitive agreement to obtain three non-storefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation (“DCR”), along with corresponding licenses from the California Bureau of Cannabis Control (“BCC”). Each of the licenses can be used for up to three of the five categories of licensed cannabis-related business activities allowed under the terms of these licenses: retail delivery, manufacturing, distribution, transport-only, and cultivation. “The company noted that by using each license for a combination of retail delivery of cannabis products with supply chain distribution of…