Sugarmade (OTCQB: SGMD) this morning commented on recent provisions of the U.S. Farm Bill regarding specific hemp cultivation and legalization. The company believes the passage of the bill could create extra revenue and investment opportunities, as the industrial hemp, CBD oils and other hemp products markets are expected to skyrocket upon implementation of the provisions. “Our vast experience in the supply of cultivation, harvesting and processing products places Sugarmade in a strong position to increase its revenue and profit outlooks as dozens of new operations prepare to come online,” Sugarmade CEO Jimmy Chan stated in the news release. “Many of our current products apply directly to the industrial hemp market, which is now opening up. Additionally, we will be marketing other products directly to this emerging market, particularly relating to post-harvest processing. We see this an important market in which we plan to be involved.”
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About Sugarmade, Inc.
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include ZenHydro.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the company’s products, please visit www.Sugarmade.com.
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