The U.S. and Canadian dollars consistently compete for dominance in the global currency market. A similar rivalry is apparent in the magic mushroom industry. The growth of online psychedelic mushroom dispensaries in Vancouver and other cities is noteworthy. However, the question arises whether they can match the rapid advancement of psychedelics in the U.S. Let’s delve into it.
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Main Takeaways:
- Oregon pioneered the legalization of therapeutic use, with licensed practitioners overseeing its administration.
- In 2020, Canada’s Health Minister greenlit the use of magic mushrooms for palliative care in four terminally ill cancer patients.
- Clairvoyant is a 24-week Phase 2 trial at the University of British Columbia exploring psilocybin-assisted therapy for adults diagnosed with alcohol abuse disorder.
The Rapid Growth of the Magic Mushroom Industry in the United States.
The U.S. magic mushroom industry is expanding rapidly, rivaling cannabis as the only other narcotic experiencing such growth. This fast-paced evolution signals an increasing societal endorsement of the substance for therapeutic use.
A Spotlight on Mental Health
Health professionals are captivated by its potential to alleviate symptoms of mental disorders, including depression, anxiety, and PTSD. Encouraging study results have spurred private pharmaceutical companies to explore its medicinal uses further.
Not only has this trend sparked interest in healthcare applications, but it has also significantly boosted the economy. Startups and research projects are focusing on psilocybin development.
There is an increasing amount of clinical evidence supporting the use of magic mushrooms in treating specific diseases. NIDA Director Nora Volkow points out the growing evidence that psychedelics have “considerable potential” for medical treatments.
Legal Milestones
- Oregon Measure 109: In 2020, Oregon set a precedent by becoming the first state to legalize psilocybin for therapeutic use, thus allowing licensed professionals to administer controlled doses. This groundbreaking decision laid the foundation for other states to follow in the same direction.
