Sugarmade (OTC: SGMD), an innovator in California’s vibrant cannabis industry, is focused on expanding its end-market access as a central player in the grow space. It comes as more and more consumers around the world realize the potential benefits of cannabis. As a result, the market is expected to experience significant growth, with a new Quince Market Insights report estimating that the global cannabis market will grow at a CAGR of 27.0% from 2021 to 2030 (https://cnw.fm/pZlDm). “The growth factors identified in the market are the proven medicinal effects and legalization of cannabis, the evolution of intellectual property rights in cannabis, as well as active research and development and modification of the plant,” it reads. in a recent article, which contains excerpts from the report. This expected growth has not gone unnoticed at SGMD. âSugarmade has set itself the goal of expanding its access to the end market as a central player in the growing cannabis delivery market in California, while also developing its in-house cannabis production capacity to verticalize operations in space. Through a combination of organic growth and strategic acquisitions, Sugarmade strives to develop a fully vertically integrated farm-to-door cannabis business. “
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About Sugarmade Inc.
Sugarmade is a product and brand marketing company that invests in potentially disruptive operations and technologies. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush, Nug Avenue, Lemon Glow and Budcars. For more information, please visit www.Sugarmade.com.
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