Wall Street’s sudden exuberance for hallucinogens has rankled longtime advocates and philanthropists, who dreamed of making low-cost psychedelics widely available for mental health and personal growth. Instead, many now see a very different future for drugs like psilocybin and LSD: as expensive, specialty medications controlled by a handful of biotech companies… “We’re a victim of…
A Colorado biosciences company is hoping that one day patients with anxiety will be able to get a prescription from their doctor to microdose psychedelic mushrooms, pick it up at the local pharmacy and have it covered by insurance. Joel Stanley is the CEO of Ajna BioSciences in Littleton, Colorado. He says the company received…
An initiative that sought to ask voters to decriminalize so-called magic mushrooms and products containing psilocybin failed to qualify for the 2024 ballot when it missed last week’s deadline to submit signatures. That followed Gov. Gavin Newsom’s veto last year [2023] of a bill that would have decriminalized a short list of natural psychedelics, including “magic mushrooms.”…
This year [2023], Oregon became the first state to introduce psilocybin… and… been learning as they go. Since the first facility in Oregon opened to the public this May, 600… [to upwards of 700 adults] have participated in the program. Original Article (Oregon Public Broadcasting & Oregon Live & Seattle Times):Oregon psilocybin advocates reflect on…
…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…
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…
…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…
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 three-judge panel of the U.S. Court of Appeals for the Ninth Circuit rejected the doctor’s request for a rehearing of an earlier court decision that returned the matter to the Drug Enforcement Administration (DEA). …in a one-line ruling handed down… the court denied the rehearing request without explaining its reasoning. Given that Aggarwal’s rescheduling…
Lawyers Paul Lewin and Jim Dean are… arguing these important issues. This will be the first freedom of thought case in Canada. FunGuyz spokesperson, Samer Akila, served a Notice of Constitutional Question on the federal and provincial governments putting them on notice that he intends to legalize psilocybin in his London, Ontario court case. Mr. Akila says the psilocybin laws are contrary…
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