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Sugarmade Inc. (SGMD) Watching Growing Support for Federal Cannabis Reform

  • NLR reports that bipartisan support for cannabis policies could reshape federal enforcement, set the stage for further state legalization
  • GOP sponsorship of bills could mean greater likelihood of success
  • SGMD’s strategic plan is centered on expanding end-market access as a central player in the growing California cannabis delivery marketplace

As 2021 wound to a close, indications of bipartisan support for federal cannabis reform raised the hope that legislative progress may be made on the federal level in the coming year (https://cnw.fm/7FdWD). Companies operating in the cannabis space, including Sugarmade (OTC: SGMD), are watching closely to see if that hope is realized.

“Long-anticipated federal cannabis reform may be on the horizon,” stated a December 2021 article in the National Law Review. “In the last month, bipartisan governors and groups from…

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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/SGMD

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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