The U.S. and Canadian dollars continually fluctuate in their standing in the worldwide exchange market, a rivalry mirrored in the magic mushroom industry. The number of online psychedelic mushroom dispensaries in Vancouver and other cities is rapidly increasing. The question is, can they match the pace of America’s rapid advancement in the psychedelic sector? Let’s delve deeper.
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Main Takeaways:
- Oregon led the way by being the first state to legalize therapeutic use, with licensed practitioners providing the treatment.
- In 2020, the Canadian Health Minister allowed four terminally ill cancer patients to use magic mushrooms as part of their palliative care.
- Clairvoyant, a 24-week Phase 2 trial at the University of British Columbia, is currently investigating the potential of psilocybin-assisted therapy for adults with alcohol abuse disorder.
The Rapid Growth of the U.S. Magic Mushroom Industry.
The magic mushroom industry in the U.S. has expanded rapidly, rivaling only cannabis. This growth suggests a growing societal acceptance of its potential therapeutic uses.
A Focus on Mental Health
Medical professionals are excited about its potential to help alleviate symptoms of mental health disorders such as depression, anxiety, and PTSD. Encouraging study results have sparked interest among private pharmaceutical companies to explore its medicinal uses.
Not only has this trend piqued interest in medical applications, but it has also significantly strengthened the economy. Startups and research projects are focusing on the development of psilocybin.
The amount of clinical evidence supporting the use of magic mushrooms in treating certain diseases is increasing. NIDA Director Nora Volkow emphasized the growing evidence that psychedelics have a “significant potential” for medical treatments.
Legal Milestones
- Oregon Measure 109: In 2020, Oregon became a trailblazer by being the first state to legalize psilocybin for therapeutic use, opening the door for licensed practitioners to administer it. licensed professionals to administer controlled doses. This crucial ruling has paved the way for other states to follow a similar path.
