- Cannabis industry set to quadruple to $47 billion over next 10 years
- Sugarmade strategy centers on supplying “picks” and “shovels” to growers
- Focused on the supply of hydroponic cultivation systems
Getting cannabis to market involves many stages. Before you can sell it, you have to grow it and perform myriad operations to ensure that’s done right. So, if you’re growing cannabis, it may be a good idea to turn to Sugarmade, Inc. (OTCQB: SGMD). The company is one of the largest publicly traded hydroponics supply companies, with brands that include Zen Hydro, Carry Out Supplies, BudLife Cannabis Storage Solutions and Cali Grown Supplies. With a finger in so many pies, Sugarmade is poised for growth as the cannabis industry continues its exponential expansion. Spending on legal cannabis is projected to quadruple to over $47 billion over the next decade from its present level of about $11 billion (http://nnw.fm/E874e).
Headquartered in Monrovia, Los Angeles County, California, Sugarmade has been operating in several areas. The company is a supplier of generic and custom printed products to the quick service restaurant sub-sector of the restaurant industry, but its main focus is…
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