Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, is poised to benefit as the industrial hemp sector is forecasted to reach $13.03 billion by 2026 from $4.63 billion in 2018, increasing at a CAGR of 13.7% (http://nnw.fm/M1qBs). An article discussing the company reads, “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 various industries. In addition, hemp is a very lucrative rotation crop due to its ability to detoxify the soil and take in carbon dioxide. . . . Several subdivisions of the industrial hemp sector are anticipated to grow at a much higher rate than the average. The hemp seed segment, in particular, is expected to grow at a CAGR of 17.1% through 2025 — an increase in demand attributed to mounting interest in products like hemp oil and nutraceuticals (http://nnw.fm/igx0Y). Hemp seeds feature approximately 35% oil, which is a much-needed resource for the production of various popular products.”
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About Sugarmade Inc.
Sugarmade is a product and brand marketing company investing in products and brands with disruptive potential. For more information, visit the company’s website at www.Sugarmade.com.
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