The U.S. and Canadian dollar are perpetually in a tug of war in the global exchange market. This competition is mirrored in the magic mushroom sector. The number of online mushroom dispensaries in Vancouver and other cities is rapidly growing. But, will they be able to match the fast-paced progression of the U.S. in this psychedelic race? Let’s delve in and find out.
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Main Takeaways:
- Oregon pioneered the legalization of magic mushrooms for therapeutic use, with licensed practitioners prescribing it.
- In 2020, the Health Minister of Canada allowed four terminally ill cancer patients to use magic mushrooms as a part of palliative care.
- The University of British Columbia is conducting a 24-week Phase 2 trial, Clairvoyant, investigating the use of psilocybin-assisted therapy for adults diagnosed with alcohol abuse disorder.
The Rapid Growth of the Magic Mushroom Industry in the United States.
The magic mushroom industry in the U.S. has seen rapid growth, positioning it as the only drug that rivals cannabis. This fast-paced growth signifies an increased societal acceptance of its therapeutic potential.
Emphasizing Mental Health
Health experts are fascinated by its potential to mitigate symptoms of mental health disorders, such as depression, anxiety, and PTSD. Encouraging results from studies have led private pharmaceutical companies to explore its medicinal uses.
This trend has not only piqued interest in healthcare applications but has also significantly strengthened the economy. Startups and research initiatives are focusing on the development of psilocybin.
The clinical evidence supporting the use of magic mushrooms in treating specific illnesses is growing. NIDA Director Nora Volkow underscored the emerging evidence that psychedelics have “considerable potential” for medical treatments.
Legal Progress
- Oregon Measure 109: In 2020, Oregon set a precedent by becoming the first state to legalize psilocybin for therapeutic use, permitting professionals authorized to administer measured doses. This pivotal ruling has established a standard for other states to emulate.
