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Tag Archives: BudLife Cannabis Storage Solutions

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Sugarmade Launches Industrial Hemp and CBD Initiative

Sugarmade Launches Industrial Hemp and CBD Initiative
According the Hemp Business Journal, the U.S. Hemp industry produced at least $820 million in revenues during 2017, with growth to over $1 billion for 2018, and an expected 14% compound annual growth rate through 2022.  Much of the recent growth has come from the demand for hemp-derived CBD for use in health and wellness products.  The strain of industrial hemp being grown by Hempistry is ultra-rich in CDB, but contains less than 0.3% of THC, the psychoactive ingredient found in marijuana.  Hempistry has already begun planting and thus far has 100 acres of this high CDB strain under cultivation.  In total, Hempistry has optioned 23,000 acres.
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Sugarmade Moves Into European Hydroponic Market

Sugarmade Moves Into European Hydroponic Market
Over the past few financial quarters, Sugarmade has seen revenue growth patterns expand geographically. Whereas as recently as mid-2017, the majority of hydroponic-related revenue growth was seen from the California and other west coast marketplaces, growth is becoming more geographically dispersed among U.S. states where legalization has eased restriction. This movement into United Kingdom further expands the base of geographic growth areas.
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