Sugarmade, Inc. (SGMD) Invests in Hempistry to Reinforce Its CBD Market Position
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…