- The booming hydroponics crop market is projected to be worth over $27 billion by 2022
- Sugarmade is one of the largest publicly traded hydroponics supply companies investing in the legal cultivation sector
- The global industrial hemp market is expected to reach $10.6 billion by 2025
Sugarmade Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, is diversifying its portfolio with supply commitments to the budding industrial hemp sector. A new agreement with Kentucky-based hemp cultivator Hempistry Inc. to deliver resources for its plant micropropagation work reveals a solid strategy as Sugarmade moves into the legal cultivation space, as detailed in a CannabisNewsWire editorial (http://nnw.fm/uPsx5).
Passage of the 2018 Farm Bill brought regulatory changes to the agriculture sector, allowing hemp cultivation in the U.S. and bringing new opportunities to growers and…
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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