Sugarmade (OTC: SGMD), an emerging leader in the licensed cannabis sector, is closely watching the growing bipartisan support for federal cannabis reform. A recent article, which contains excerpts from a December 2021 write-up in the National Law Review (“NLR”), reads, “‘Long-anticipated federal cannabis reform may be on the horizon… In the last month, bipartisan governors and groups from both bodies of Congress have established support for cannabis policies that would reshape federal enforcement and set the stage for further state legalization.’ The article specifically noted the States Reform Act, which was introduced by South Carolina Representative Nancy Mace in November; the act is the first Republican-backed cannabis decriminalization bill with support from four other Republican representatives… ‘While this broad federal agenda is just getting off the ground in the House, its GOP-sponsorship may carry a greater likelihood of success at both the House and Senate level, where other, more progressive Democratic bills have failed,’ the article concluded.” Sugarmade’s core strategic plan is centered on expanding its end-market access as a central player in the growing California cannabis delivery marketplace while developing its in-house production capacity to verticalize operations in the space.
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About Sugarmade Inc.
Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush(TM), Nug Avenue, Lemon Glow and Budcars. Sugarmade is also the first licensee of the unique and patented GenCann Inc. THC-V rich chemovars. For more information, please visit www.Sugarmade.com.
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