HempNewsBreaks – Sugarmade, Inc. (SGMD) to Grow Alongside Rapidly Expanding Cannabis Market Forecasted to Reach $47B by 2027

Hydroponics supply company Sugarmade (OTCQB: SGMD) is in a great position for growth through its various endeavors in the diverse cannabis industry, which is forecasted to reach $47 billion within the next 10 years. An article further discussing the company reads, “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://cnw.fm/5NOOy). … 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 on the supply of hydroponic and other cultivation systems, with particular emphasis on the cannabis industry. Sugarmade aims to become a major force in the cannabis cultivation market as a supplier; however, the company will not be directly involved in the cultivation, processing, distribution or marketing of cannabis.”

To view the full article, visit http://cnw.fm/ClH6S

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.

More from CannabisNewsBreaks

• HempNewsBreaks – Turning Point Brands Inc. (NYSE: TPB) Closes $300M Senior Secured Notes Offering 
• HempNewsBreaks – WEED Inc. (BUDZ) Announces 2024 Highlights, Plans to Expand into Consumer Packaged Goods
• HempNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Closes $3.6M Registered Direct

About HempWire

HempWire (HW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) HempNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, HW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. HW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, HW brings its clients unparalleled visibility, recognition and brand awareness. HW is where news, content and information converge.

To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.hempwire.com

Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.hempwire.com/disclaimer/

HempWire (HW)
Denver, Colorado
www.hempwire.com
303.498.7722 Office
Editor@HempWire.net