…from a financial perspective, the inconsistency of psychedelic experiences and the fact that they require hands-on psychological therapy make for a difficult investment pitch. Treatment is typically administered in a specialized facility under supervision by psychiatric professionals, which is costlier and harder to scale up than simply providing medicine. The industry’s market performance reflects such…
MAPS PBC [Public Benefit Corporation) has rebranded to Lykos Therapeutics [a for-profit public benefit corporation (“PBC”)], (“Lykos”), the greek word for wolf. MAPS PBC spun out of its parent organization MAPS (Multidisciplinary Association for Psychedelic Studies)… clinical development effort of MDMA-assisted therapy [midomafetamine capsules used in combination with psychological intervention], which includes talk therapy, and…
In a letter sent to Congressional Cannabis Caucus co-chair Rep. Earl Blumenauer (D-OR), DEA Acting Chief of the Office of Congressional Affairs Michael Miller gave a general overview… “DEA has the final authority to schedule, reschedule, or deschedule a drug under the Controlled Substances Act, after considering the relevant statutory and regulatory criteria and HHS’s…
…in a notice set to be published in the Federal Register on Wednesday [Jan. 3, 2024], DEA said it received comments from registered manufacturers requesting increases to previously proposed 2024 quotas for the Schedule I substances in order to “meet medical and scientific needs,” and it agreed to do so in the new final order.…
MAPS PBC [Public Benefit Corporation] and COMPASS Pathways collaborated to work with the AMA [American Medical Association] to create these new CPT III codes. These are temporary codes assigned to emerging technologies, services and procedures, to facilitate reimbursement and support access to psychedelic therapies in the United States, if such therapies receive regulatory approval by the…
…a new criminal complaint suggests the outlines of the case that federal authorities are building. That criminal complaint, filed Dec. 12, 2023, in U.S. District Court in Portland, reveals that law enforcement are investigating a trend of drug trafficking organizations using “Honduran nationals to distribute bulk amounts of fentanyl…in the western United States.” It names…
Next year marks the 10th anniversary of legalizing the cultivation and sale of recreational cannabis in Oregon. Economist Beau Whitney estimates 1 million pounds of dried pot were grown legally this year in Oregon. But Whitney estimates another 3.1 million pounds of illegally grown Oregon cannabis will be diverted across state lines. By Whitney’s calculations,…
President Joseph Biden… signed a defense spending bill that funds clinical trials researching psychedelic drugs to treat post-traumatic stress disorder and traumatic brain injuries experienced by active-duty members of the U.S. military. The president signed the legislation, known as the National Defense Authorization Act (NDAA)… after the bill was approved by Congress earlier this month…
Federal researchers now say drug overdoses are a leading cause of death among young Americans age 18-45. In 2023 the overdose death rate topped 112,000 in a 12 month period for the first time, according to the Centers for Disease Control and Prevention… total annual spending on the drug war now tops $40 billion a…
“A lot of the vegetables that people eat is grown on manure, so I’m not sure how this would be any different,” Mason Marks said during the December 10 [2023] hearing, noting that substrate alternatives such as coco coir are “often mined in environmentally irresponsible ways.” Manure is typically cheaper than other substrates and promotes…
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