- Sugarmade invests $1 million in Hempistry through common stock to boost ultra-high CBD hemp growing
- The U.S. industrial hemp market is projected to hit $1 billion in revenue in 2018
- Legislative process underway to legalize commercial production of industrial hemp by removing it from the Controlled Substances Act
Sugarmade, Inc. (OTCQB: SGMD) is a product and brand marketing company that targets brands with disruptive potential and invests in them. Currently, the company has made a commitment to invest in Hempistry Inc. to the tune of $1 million. This investment will boost Hempistry’s efforts to produce ultra-high CBD-content hemp that is grown in Kentucky.
SGMD, headquartered in Monrovia City, California, has made impressive progress into the industrial hemp space. The main operations have been in hydroponics and restaurant supply. Other brands under its…
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