The global exchange market often sees the U.S. and Canadian dollars in a battle for dominance. A similar competitive scenario can be witnessed in the magic mushroom sector. The growth of online mushroom dispensaries in Vancouver and elsewhere is rapid. But, is it fast enough to match the pace of America’s psychedelic evolution? Let’s delve into this.
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Key Takeaways:
- Oregon took the lead by being the first state to legalize the therapeutic use of psilocybin, under the supervision of licensed practitioners.
- In 2020, Canada’s Health Minister gave the green light to four terminally ill cancer patients to incorporate magic mushrooms into their palliative care.
- The University of British Columbia is conducting a 24-week Phase 2 trial, “Clairvoyant”, to study psilocybin-assisted therapy for adults suffering from alcohol abuse disorder.
The Rapid Growth of the U.S. Magic Mushroom Industry
The U.S. magic mushroom industry has seen rapid growth, emerging as the only drug that competes with cannabis. This fast-paced expansion suggests a growing societal acceptance of magic mushrooms for therapeutic use.
Mental Health Focus
Healthcare professionals are exploring its potential to mitigate symptoms of mental health conditions such as depression, anxiety, and PTSD. Positive results from studies have triggered private pharmaceutical companies to explore its medicinal uses.
This trend has not only piqued interest in healthcare applications but also significantly boosted the economy. Start-ups and research initiatives are increasingly focusing on the development of psilocybin.
There is a growing body of clinical evidence supporting the use of magic mushrooms in treating specific diseases. Nora Volkow, NIDA Director, has underscored the increasing evidence that psychedelics hold “considerable potential” for medical treatments.
Legal Milestones
- Oregon Measure 109: In 2020, Oregon set a precedent by being the first state to legalize psilocybin for therapeutic use, allowing controlled doses by licensed professionals. This significant decision set a precedent for other states to consider similar measures.
