Sugarmade (SGMD) Secures Cultivation Facility, Continues Impressive Upward Trajectory

  • Secures a 5,000-square-foot facility with potential for 250 pounds output per month
  • Seeing month-over-month growth with BudCars across all metrics
  • Submitted application to expand BudCars into cannabis cultivation

Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, recently secured a 5,000-square-foot indoor premium cannabis cultivation facility. Located near its Sacramento Budcars Cannabis Delivery Service hub, this new facility has production potential for as much as 250 pounds of premium dried cannabis flower per month. Based on current local averages the facility has the potential of producing as much a $1.6 million in new BudCars sales per month. As a vertical farm-to-door operation the company would also experience significant savings in cost.

BudCars is a top-shelf cannabis retail business that offers same-day delivery of top-quality product. Customers can choose from edibles, flower, pre-rolls, vapes, tinctures and concentrate from dozens of premium brands. Once the selection is made and the purchase completed online. BudCars delivers to…

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NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – Mississippi Medical Cannabis Campaigners Relieved After Controversial Bill Stalls

For the past few months, cannabis legalization activists and lawmakers in Mississippi have been trying to one-up each other with different marijuana legalization measures and resolutions. In early January, then Governor Phil Bryant said that he was opposed to an activist-led medical marijuana initiative that qualified for the ballot and hinted that state legislators would introduce a revised, alternative reform measure. Quite recently, Mississippi lawmakers introduced a new medical marijuana resolution that would have represented a threat to the activist-driven reform Initiative 65.

The resolution was introduced by Sen. Kevin Blackwell and it called for the suspension of legislative rules so that lawmakers could draft and file a bill to legalize medical marijuana in the state. The resolution advanced through the Senate Rules Committee last week but to advocates’ relief did not make it onto the floor. Although the lieutenant governor who presides over the Senate…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW – Jamaica to Permit Medical Marijuana to be Sold Online

Although the cannabis industry has taken plenty of hits from the coronavirus pandemic, the health crisis has allowed the pot industry to make, within months, advances that would have undeniably taken years or even decades. In plenty of states and territories, cannabis was one of the handful of industries declared essential, and cannabis sellers were allowed to continue operations while other businesses shut down. And to ensure both the vulnerable customers and staff kept minimal contact and stayed safe, additional safety measures like online booking, curbside pickups, and home deliveries were also allowed.

This was met with appreciation from stakeholders and advocates, and they hoped that measures like online bookings and home deliveries could continue even after the pandemic finally died down. Jamaican officials heeded to this call, and it was recently announced that Jamaican patients…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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CannabisNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars on Pace to Hit Annualized Revenues at or Above $11M

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today provided an update on revenue expectations for July and calendar Q3 BudCars performance. According to the update, management now forecasts continued month-over-month sequential sales growth of 30% in July and August, positioning the Company for July sales of at least $650K, and a pace lined up to close out September with annualized BudCars revenues running at or above $11 million. “We believe we have enough visibility and enough data in hand to forecast that we will continue to see extremely robust growth in July and August,” Jimmy Chan, CEO of Sugarmade, stated in the news release. “Many of the trends we saw come together in June to drive our performance remain in place and suggest new records across many metrics are likely this month as well.”

To view the full press release, visit http://cnw.fm/1qk0Q

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. Its Brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. For more information, please reference www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW – Lawmakers in Virginia Reveal Plans to Legalize Cannabis

As of July 1, 2020, Virginia’s marijuana decriminalization policy officially came into effect, making the Commonwealth of Virginia the 27th state to enact such a policy change. This came a month after Gov. Ralph Northam signed a bill that would make possession of up to one ounce of cannabis punishable by a $25 fine with no threat of jail time and no criminal record. Prior to this policy change, simple possession was punishable by a maximum $500 fine, up to 30 days in jail and a criminal record.

And just a day after the marijuana decriminalization law took effect, Virginian lawmakers announced their plans for a legal cannabis market. On July 2, 2020, a group of Democratic state legislators announced plans to introduce a bill to legalize and regulate a commercial cannabis market. The measure…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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Sugarmade Inc. (SGMD) Capitalizing on Steep Increase in Cannabis Space, Strengthening Diverse Portfolio

  • SGMD offers diversified portfolio across various industries, including cannabis and industrial hemp
  • Cannabis sales have increased during pandemic; social distancing hampers in-store sales, so delivery seeing increased volumes
  • SGMD capitalizing on growing relevance of cannabis delivery with its BudCars delivery service

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct supply company crossing various industries, is focused on developing a diversified brand portfolio and revenue growth through strategic acquisitions. SGMD’s most recent acquisition, BudCars Cannabis Delivery Service has been a particularly strong move for the company as it strengthens its position in the growing hemp market.

Declared essential in nearly all of the 33 states with legalized recreational and medical markets, the cannabis industry has seen an increase in sales during COVID-19…

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NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW – Congress Passes Bill Granting Researchers Access to Commercially Available Marijuana

Last week, the U.S. House of Representatives approved a bill aimed at allowing researchers to have access to the marijuana available commercially in states where legal recreational, and/or medical marijuana programs exist. This new legislation would mark a major shift from the current practice where researchers can only use the cannabis supplied by a federally licensed manufacturer in Mississippi.

The primary goal of the marijuana provision, which is found deeply embedded in an infrastructure bill detailed in a more than 2,000-page document, is to make it possible for marijuana products…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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420 with CNW – Colorado Governor Signs Bill Allowing Expedited Pardons for Marijuana Possession Convicts

On Monday this week, Gov. Jared Polis signed a bill which will promote social equity in Colorado’s marijuana industry. Under this law, the governor will also have the power to grant pardons to people convicted for marijuana possession before legalization took place. Previously, the governor was required to consult the judge and state prosecutors involved in each case before granting a pardon.

Gov. Jared Polis (D) signed this new bill during a ceremony held at one of the minority-owned businesses…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Achieves Another Breakout Month With Record Growth in Every Metric

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today provided current and prospective shareholders with BudCars performance data for the month of June. According to the update, BudCars achieved total sales of $502,903 in June, representing 36% sequential monthly top-line growth, with total sales and profits now growing by more than 30% m/m for the third consecutive month. “June was another breakout month for BudCars growth across basically every single metric important to gauging our progress,” Jimmy Chan, CEO of Sugarmade, stated in the news release. “Our pricing improved. Our average order improved. We did more business with more people and booked a significant jump in gross profits while holding our 47% gross margin level as volume increased. We look forward to continued breakout growth in July.”

To view the full press release, visit http://cnw.fm/8ScL4

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. Its Brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. For more information, please reference www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW? Ask our Editor

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420 with CNW – Marijuana Could Help Prevent Diabetes Resulting from Severe COVID-19

A lot is being learned about the intersection between consuming marijuana and diabetes. Recently, a team of researchers has revealed that lots of people may be prone to developing diabetes after suffering from the severe forms of the COVID-19 disease. This complication can be alleviated using cannabis, the researchers think.

To confirm this theory, the researchers have set up a registry aimed at gathering data from doctors to establish how many people develop diabetes after suffering from severe COVID-19 and how many…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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CNW420 is part of the InvestorBrandNetwork.