Pervasip Corp (PVSP)

[Debunkinator]

$PVSP ... oh! And did I just see some Artizen guys in NY? ????
@nys_cannabis
11:38 AM · May 10, 2023

NYS OFFICE OF CANNABIS MANAGEMENT OVERVIEW
The New York State Office of Cannabis Management (OCM) was established upon passage of the Marijuana Regulation and Taxation Act (MRTA) in March 2021 to implement a regulatory framework for medical and adult-use cannabis and hemp in the state of New York. This includes, but is not limited to production, licensing, packaging, marketing and the sale of cannabis.


The MRTA sets out one of the nation's most comprehensive and progressive legal frameworks for the regulation of the adult-use, medical and hemp industries, with a focus on ensuring the greatest possible participation by communities historically impacted by prohibition. The law calls for a five-member board to oversee the creation and implementation of the OCM and the appointment of a Chief Equity Officer charged with developing a social equity plan designed to facilitate and support participation by social equity applicants. The MRTA also limits the number of licenses that can be owned by one company and prohibits the vertical integration of production and retail services, further ensuring that small businesses have an opportunity to compete in the new market.

Licensing & Production Coordinated between Office of Cannabis Management and Agriculture & Markets
The Department of Agriculture and Markets oversees hemp cultivation and hemp used exclusively for industrial or food purposes. Those interested in cultivating hemp may find more information on the Ag & Markets web page.

The New York State Office of Cannabis Management regulates hemp used or marketed for its cannabinoid content, such as cannabidiol commonly known as "CBD". Cannabinoid hemp products include many CBD products available for purchase today, including tinctures, oils, topicals, pills, capsules, and food or beverages that are intended for human consumption.

The Program requires anyone who is processing, manufacturing or selling cannabinoid hemp to first obtain a license from the Cannabinoid Hemp Program. The Office has approved regulations to implement the Program. The regulations establish standards for manufacturing, laboratory testing, and packaging and labeling to provide industry clarity and protect health and safety of New Yorkers. You can view the regulations here.