CBDNewsBreaks – Sugarmade Inc. (SGMD) Primed for Profit as Industrial Hemp Sector Rapidly Expands
Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, is poised to benefit as the industrial hemp sector is forecasted to reach $13.03 billion by 2026 from $4.63 billion in 2018, increasing at a CAGR of 13.7% (http://cnw.fm/73cWt). An article discussing the company reads, “There are several reasons why this market is forecast to expand at such a rapid rate. Hemp is a highly versatile plant that can be cultivated as a renewable source for raw materials utilized by various industries. In addition, hemp is a very lucrative rotation crop due to its ability to detoxify the…