Politics

Oregon’s psychedelic surveillance bill… SB303… raise social and economic cost of Oregon psilocybin services

A service center with a $200,000 profit could see a tax bill of $300,000, putting it underwater unless it compensates by raising prices by 30%… at the end of the day, a psilocybin session will run about $1,500 to $3,500… Governor Tina Kotek signed SB 303 into law on June 6th, 2023… in addition to disregarding client autonomy and confidentiality… would expose clients to social, occupational, and legal risks. It would increase the cost of psilocybin services for clients, business, and taxpayers. Further, SB 303 ignores the will of voters, who approved Measure 109 with robust confidentiality protections, and those who devoted countless hours to its subsequent rule making process.

Traditional banking also is not available to psilocybin businesses, and while landlords may be willing to rent space to a service center provider, their mortgage lenders may not allow it, Sliwoski said. Liability insurance may also be tough to come by. “When people try to model it out from a cash flow or business perspective, it seems like a harder way to make money than with cannabis, when you had retail sales and scalability and didn’t have an obligation to have someone sit with the client all day long,” Vince Sliwoski said. “It’s going to be hard for a lot of people to figure out how to pencil it.” “If prices don’t come down somewhat, I don’t know that there will be a lot of interest from the public,” said Regina Moore, a pharmacist on the Central Oregon coast and co-founder of The Psychedelic Pharmacists Association.

Original Article (Psychedelic Week & Portland Business Journal):
Psychedelic surveillance bill would raise social and economic cost of Oregon psilocybin services & Psychedelic Oregon: Meet nine psilocybin trailblazers & The psilocybin economy: from spore to trip
Artwork Fair Use: Huebi

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