If the measure passes, Massachusetts residents over 21 would be able to grow, possess, and use certain natural psychedelics – but the commercial sale of the substances would remain prohibited. Supporters – including the Washington, D.C.-based New Approach PAC and Massachusetts for Mental Health Options – have raised more than $6 million dollars in support…
Shumake helped draft a ballot initiative that Detroit voters passed in 2021 decriminalizing [possession, but not cultivation of] magic mushrooms, paving the way for his church. “Shaman Shu,” as he refers to himself, is accused of masterminding a penny stock “pump-and-dump scheme” that defrauded investors out of nearly $8 million between 2019 and 2021 ……
The Securities and Exchange Commission (SEC) has charged a company with fraud for researching, producing, and distributing psilocybin (Magic) mushrooms and making illegal financial gains in the process. Charges were filed against Minerco and… founders Bobby Shumake Japhia, and Julius Makiri Jenge… in the District Court for the District of Columbia. They stand accused of…
The DEA wants to place DOI and DOC, which are currently unscheduled, in Schedule I of the Controlled Substances Act – the most restricted category, for drugs deemed to have “High abuse potential with no accepted medical use.” The agency revived these attempts in December 2023. …the DEA’s filing includes a particularly lengthy section dedicated to discrediting…
“There isn’t really a psychedelic ‘underground’ anymore, said Jules Evans. “Everything is overground, not in the sense of legal, but in the sense of visible”. Consumer demand for psychedelic experiences remains, and players in the illegal market who were once discreet are becoming bolder. Chase, who started Psilouette in 2022 after leaving his corporate job…
Securities Exchange Commision (SEC) filings reveal that… atai Life Sciences disposed of around 2.7 million Compass Pathways shares for gross proceeds of just over $16 million. That represents around a third of atai’s stake in Compass. Meanwhile, Colorado is reaching its second year of decriminalizing [and legalizing] mushrooms and DMT for personal use and growth… “This 70-year effort to criminalize…
The solution to sustainability is not as simple as passing costs onto the customer… Oregon’s service centers are where people go to have a therapeutic psilocybin experiece or a guided trip, if you will. (In Colorado, these facilities are called “healing centers.”) But in Oregon, owners say the cost of doing business is so expensive…
The U.S. Department of Justice announced that the chief executive officer of psilocybin company Minerco Inc. (OTC: MINE), Julius Jenge was arrested… The former CEO was fleeing a Securities and Exchange Commission (SEC) investigation into the stock fraud allegations around the penny stock company Minerco… In 2021, the company began touting its psilocybin business and Minerco…
“I’m not going to go smoke pot and hang out on my couch for the next 20 years,” he said in an interview, criticizing the agency for failing to grasp the drug’s potential to relieve suffering. Still, it has been a brutally rough stretch for Doblin and MAPS, which over decades have shepherded an illegal…
It claims to be the first publicly owned service center in the U.S., with penny-priced stock that investors can buy if they’d like to cash in on the shroom boom… cannabis was a ripe market for stock schemes back then, says Vince Sliwoski, a Portland lawyer who advises cannabis and psilocybin firms. It was the…
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