Sugarmade (SGMD) Numbers In Line with Cannabis Industry Increasing Projections
Oct 12, 2020
- Projections for U.S. retail sales of medical, recreational cannabis on pace to reach $15 billion by end of 2020
- SGMD seeing consistent growth in numbers, supporting expert predictions
- CEO reports “increase in gross margins while demonstrating another breakout month-over-month performance on both the top and bottom line”
Even with the global COVID-19 pandemic causing a speed bump, projections for the retail sales of medical and recreational cannabis in the United states are on pace to reach $15 billion by the end of 2020 (https://cnw.fm/tqgrr). Those numbers, which are an increase of approximately 40% over 2019 sales figures, may not surprise Sugarmade (OTC: SGMD), which has consistently reported record numbers as it builds operations in the California cannabis space.
“Total U.S. sales could rise as high as $37 billion by 2024, according to exclusive projections from the latest Factbook, which was released Monday at MJBizConNEXT Direct,” reported a recent Marijuana Business Daily article…
NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR
About CBDWire
CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.
To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CBDWire.com
Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer
Do you have questions or are you interested in working with CNW? Ask Our Editor
CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
[email protected]
CBDWire is part of the InvestorBrandNetwork.
Recommended
Victoria shook by 4.8 magnitude earthquake
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.
More News
Pilot attacked on Israel-bound flight breaks silence
The hero pilot who was attacked on an Israel bound flight has spoken for the first time about the savage attack and what kept him fighting to survive.
Campus gossip that's 'talk of the town' at Cornell, as it's revealed one of the accused gang-rapist frat brothers is still at the university
Students at the Ivy League university, where a year's tuition for non-New Yorkers costs $75,000, said the incident was all anyone was talking about.
Judge in Fraser Bohm quadruple murder case threatens to BAN spectators over ugly courtroom clashes between families...as accused Malibu killer scores pre-trial victory
At every hearing, Bohm's family and friends have packed on one side of the courtroom, while the family and supporters of the four slain Pepperdine University students have filled the other.
Rugby League's big weekend: The Koori Knockout, NRLW and NRL grand finals explained
League fans are buckling in for the weekend of the year.
The brutal reason Trump's top aides are fleeing the White House in a mass exodus in 'highest turnover' in decades
Donald Trump is hemorrhaging senior administration officials as the Republican Party prepares for a beating in November some GOP staffers are calling 'Armageddon.'
Kent trains cancelled after bedbugs found
Pest control specialists were reportedly called to an outbreak of bedbugs on some Southeastern carriageways serving London and Kent.
Trump shrugs off South Korea's uncertainty on $54B Alaska energy investment
President Trump brushed off questions Friday over whether he jumped the gun in announcing that South Korea would fund a natural gas pipeline in Alaska, which South Korean officials have said is still under discussion. "Well, I didn't jump the gun. I mean, they were there, and they were represented," Trump told reporters before departing...
Brazil’s Lula hails ‘bold’ Chinese investors as rival pitches rare earths to Trump
Brazilian President Luiz Inacio Lula da Silva named China as a possible partner in his critical minerals plans, three days before Sunday’s closely fought election. Lula told Flow, one of the country’s most-watched podcasts, on Thursday evening that Brazil should stop shipping out raw ore. “We want to transform them here in Brazil,” he said of the minerals. Asked whether China fit into his plans, Lula said it could be a partner “bringing technology to us”, as could the United States. “[Donald]...
Man accused of sexually assaulting women in Massachusetts Planet Fitness locker room
A Cambridge man has been arrested following accusations that he sexually assaulted two women inside a gym's female locker room on Thursday morning.
Well-dressed parents appear in court charged with letting three-year-old son bring loaded gun to daycare
Investigators alleged their son took out the handgun from his backpack shortly before 9am on Monday while in school at a suburb roughly 30 miles from Detroit.
The age measure where Australian women outperform men three to one
From centenarians to charging bays — here are the money stories you may have missed this week.
Biggest earthquake in three years rattles Victoria
Geoscience Australia reported the quake just after 2am with an epicentre near the south Gippsland town of Korumburra.