Search Results for: sgmd

CBDWire Editorial Coverage: A boom in demand for cannabidiol (CBD) has created an alarming shortage, which savvy hemp companies are aggressively looking to solve. Cultivation supplies company Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile) has acquired several other suppliers, allowing it to benefit from economies of scale. Canadian cultivator Tilray Inc. (NASDAQ: TLRY) is investing heavily … Continue reading “Hemp Companies Move to Tackle CBD Shortfall”

CBDWire Editorial Coverage: Ever since the Farm Bill was signed into law, farmers across the United States have rushed into hemp cultivation, driving demand for the supplies needed to grow the crop necessary to meet surging CBD use. Global hemp industry to reach $22 billion in 2022. CBD market could increase 40 times in the … Continue reading “Hemp Boom Spawns Lucrative Deals”

CBDWire Editorial Coverage: A surge in hemp production means big business for hydroponic suppliers. Hemp production set to massively increase in the United States this year. Increased production driving high demand for hydroponic supplies. Hydroponics companies are responding with expansion and acquisitions. Sugarmade Inc. (OTC: SGMD) (SGMD Profile) has strategically acquired several companies to meet … Continue reading “Hemp Market Drives Hydroponics Growth”

CBDWire Editorial Coverage: Surging hemp market growth has created huge demand for hydroponic supplies. Demand for CBD is driving a rise in hemp cultivation, much of which is done indoors using hydroponic equipment. This hydroponic approach allows greater quality control over the cultivation process and the hemp. Acquisitions and expansion are needed for hydroponic companies … Continue reading “Hydroponic Supplies Play Key Role in Hemp Market Growth”

CBDWire Editorial Coverage: The growth of the hemp sector is having a beneficial effect for both hemp companies and hydroponic suppliers. The growth of hemp more than doubled in the United States last year More companies are moving to produce hemp, causing a surge in demand for cultivation and hydroponic supplies Shortages are particularly acute … Continue reading “Hemp Boom Leads to Cultivation Supply Shortages”

CBDWire Editorial Coverage: Growth in the Californian cannabis industry, currently restricted by licensing delays, is expected to accelerate over the coming months, bringing profits for suppliers of cultivation equipment. California is one of the largest recreational cannabis markets in the world. Recent delays in issuing cannabis licenses in California seem to be approaching an end. … Continue reading “California Cannabis Market Offers Growth for Cultivation Suppliers as Authorities Tackle Licensing Backlog”

CBDWire Editorial Coverage: With the end in sight for the 2018 U.S. Farm Bill, which contains provisions likely to grant hemp full agricultural legalization, and revenues from existing hemp products rising, hemp farmers are seeing reasons for excitement this fall. The Farm Bill is set to finally pass through Congress in the near future. Predicted … Continue reading “Hemp Industry Sees Profitable Harvest as Farm Bill Approaches Finale”

CBDWire Editorial Coverage: The rapid growth of the cannabis sector is pushing companies to innovate expansion strategies. Among the companies affected are hydroponics suppliers, which sell vital equipment to cultivators. Hydroponics companies, like others in cannabis, are using mergers and acquisitions to benefit from a bullish market. A recent trade show in Las Vegas saw … Continue reading “Cannabis Boom Fuels Mergers and Acquisitions in Hydroponics and Beyond”

CBDWire Editorial Coverage: With Canada’s decision to decriminalize cannabis nationwide and the 2018 U.S. Farm Bill’s provision to potentially make industrial hemp and hemp-derived cannabidiol (CBD) legal nationwide, the cannabis CBD product sector is gaining a strong foundation. Analysts expect runaway growth in the cannabis and CBD markets. Industry is scaling up amid regulatory reform. … Continue reading “Hydroponics Increasingly Key as Booming Cannabis Sector Goes to Next Level”