Scepter supports long awaited state legislation to legalize hemp-derived CBD
LAS VEGAS, NV / ACCESSWIRE / February 7, 2020 / Scepter Holdings, Inc., (OTC:BRZL) a high-performance consumer goods sales and marketing company, supports the latest pending California legislation that would legalize hemp-derived CBD for use as an ingredient in food, beverages and cosmetics.
California bill AB-228 would modify state regulation around the use of CBD as an ingredient in food, beverages, and cosmetics. Current regulation prohibits the use of hemp-derived CBD in said products. Scepter supports the coalition of hemp farmers, advocates and local governments that have worked to prepare AB-228, which would reverse a 2018 stipulation from California's health department that hemp-derived CBD cannot be added to food.
Hemp has historically been treated as an agricultural product and Scepter encourages California lawmakers to restore that same status, providing support to California farmers.
"There is significant consumer demand for CBD infused products, and we look forward to regulatory changes that would make it legal for California companies to produce hemp-derived CBD infused consumables.", stated Adam Nicosia, Vice President of Sales.
About Scepter Holdings, Inc.
Scepter Holdings, Inc. (the "Company") manages the sales and brand development of high-performance consumer packaged goods. The company seeks to acquire performing brands to add to the company's portfolio of products and brands sold online and through strategic retail relationships. The company has expertise manufacturing, distributing, marketing, and selling online consumer packaged goods and seeks to leverage its expertise to grow additional acquired brands. Scepter Holdings, Inc. was incorporated under the laws of the State of Nevada on January 11, 2007.
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SOURCE: Scepter Holdings, Inc.