Business
Sugarmade Inc. Featured in CannabisNewsWire Publication on the Challenge of Meeting CBD Demand
Sugarmade Inc. Featured in CannabisNewsWire Publication on the Challenge of Meeting CBD Demand.
About this update from Sugarmade, Inc.
[{"type":"text","content":"\nNEW YORK, May 15, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire – Sugarmade Inc. (OTC:SGMD) today announces its placement in an editorial published by CannabisNewsWire (\"CNW\"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry.\n To view the full publication, titled “Hemp Companies Move to Tackle CBD Shortfall,” please visit: http://cnw.fm/46Hwn A boom in demand for cannabidiol (CBD) has created an alarming shortage, which savvy hemp companies are aggressively looking to solve. . . . This demand culminated with the passage of the 2018 Farm Bill.  Signed into law just before Christmas, the bill legalized the production of hemp on a national level. This makes hemp production a far more straightforward and reliable source of income, and will allow more farmers to benefit from a profitable cash crop. As companies rush to enter the sector or expand production in response to the bill, demand for the services and equipment they need has soared. As a provider of the hydroponic cultivation supplies on which many hemp farmers depend, Sugarmade Inc. (OTC:SGMD) and its pending acquisition subsidiaries — AthenaUnited.com and Zenhydro.com — has found itself swamped with orders. This surge in demand following the farm bill has created an undeniable opportunity within the CBD sector — along with a challenge. Fortunately for Sugarmade, it’s a challenge that they appear to be instrumental in solving. 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 can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growin...