- Sugarmade announces $1 million investment in hemp company growing ultra-high CBD industrial hemp
- Sugarmade CEO becomes Hempistry advisor, shareholder
- ‘Lucrative’ supply agreement offers tremendous opportunity in fast-growing sector
One of the largest publicly traded hydroponics supply companies, Sugarmade, Inc. (OTC: SGMD) is joining the ranks of savvy businesses that have chosen to enter the burgeoning hemp market. Last year, the U.S. hemp industry topped out at an impressive $820 million in revenue, and that total is expected to reach more than $1 billion by the end of 2018, with a 14 percent compound annual growth rate forecast through 2022.
Sugarmade is positioning itself to be a power player in the industry with the announcement this month that it will be investing an estimated $1 million in capital in Hempistry, Inc., a Nevada-based company that has…
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