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Sugarmade Inc. Featured in Broadcast Discussing Influence of Upcoming Legislation on Hemp, CBD Markets

By August 30, 2019 March 30th, 2020 No Comments

NEW YORK, Aug. 30, 2019 (GLOBE NEWSWIRE) — via CannabisNewsAudio – Sugarmade Inc. (OTC:SGMD) announces the availability of an audio broadcast titled, “Passage of California Assembly Bill Expected to Spur More Growth in the Hemp, CBD Markets,” produced by NetworkNewsWire (“NNW”).

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While California has been liberal relative to cannabis legalization, state regulators have been downright prudish relative to allowing hemp cultivation and the use of CBD added to food and beverages. This attitude could all change soon as California’s state senate has until September 15, 2019, to pass AB 228. The legislation, which clarifies the statues of CBD in foods and drinks, passed with a unanimous vote in California’s Assembly, and California Gov. Gavin Newsom is widely expected to sign the bill into law, making the legislation effective immediately.

Sugarmade Inc. (OTC:SGMD) is a brand development company with a focus on providing hydroponics to the burgeoning hemp market. That’s why companies such as Sugarmade are a critical link in the hemp-farming process. Essential to growing consistent, high-grade hemp, hydroponics provides critical lighting equipment necessary to control photosynthesis, specialized nutrient mixes to provide plants with the food they need, and measurement solutions and environmental controls used by staff to measure, monitor and control the quality, strength and health of the plants.

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

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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

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