Business
Sugarmade Inc. Featured in CannabisNewsAudio Broadcast Discussing California as the Hot Bed for Hemp
Sugarmade Inc. Featured in CannabisNewsAudio Broadcast Discussing California as the Hot Bed for Hemp.
About this update from Sugarmade, Inc.
[{"type":"text","content":"\nNEW YORK, July 18, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsAudio – Sugarmade Inc. (OTC:SGMD)  announces the availability of an audio press release titled, “With 10,000 Licenses Issued, California Reflects the Growing Power of Hemp.”\n To hear the CannabisNewsAudio version, visit: http://cnw.fm/06dBg. To read the full editorial, visit: http://cnw.fm/Ru1jl.  The past year has seen substantial growth in the Californian hemp industry, and with that growth came challenges for the state’s governing bodies. The state is home to one of the largest legalized recreational cannabis markets in the world, and Californian authorities have reportedly issued over 10,000 licenses to producers, processors and retailers involved in the cannabis industry. This includes those working with hemp, a nonpsychotropic form of cannabis, and CBD, a chemical derived from hemp.The swift growth of the state’s industry almost triggered a crisis this spring, as thousands of temporary licenses were set to expire before authorities had time to process permanent licenses. The state senate stepped in to extend the duration of temporary licenses and protect law-abiding business owners from a bureaucracy struggling to keep up with demand.For companies working with hemp and related products, California is possibly the most business-friendly place in the world to be based. The state is headquarters for a wide range of companies working in the sector, from producers and retailers to companies providing support services, such as Sugarmade Inc. (OTC:SGMD).                      About Sugarmade Inc. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential. For more information, visit the company’s website at www.Sugarmade.com. About CannabisNewsWire (CNW) CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who c...