- Legislative changes and growing demand are forecast to enable the industrial hemp sector to grow at a CAGR of 13.7 percent through 2026
- The worldwide market is expected to eclipse $13 billion within the next seven years
- Such rapid growth is expected to provide strategic expansion opportunities for innovative cultivation equipment suppliers like Sugarmade Inc.
Sugarmade Inc. (OTCQB: SGMD), a major supplier to the booming hydroponic cultivation sector, looks set to benefit from the many opportunities presented by the quickly expanding industrial hemp sector, as statistics indicate that the market is anticipated to reach $13.03 billion by 2026 from $4.63 billion in 2018, expanding at a CAGR of 13.7 percent (http://nnw.fm/M1qBs).
There are several reasons why this market is forecast to expand at such a rapid rate. Hemp is a highly versatile plant that can be cultivated as a renewable source for raw materials utilized by…
NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://nnw.fm/SUGAR
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