In the global exchange market, the U.S. and Canadian dollars are in a constant battle for dominance. This competitive spirit is also evident in the magic mushroom industry. As online mushroom dispensaries in Vancouver and other cities continue to multiply, the question arises: Can they match the rapid progression of America’s psychedelic market? Let’s delve into it.
[toc]
Main Takeaways:
- Oregon was the first state to legalize therapeutic use, with licensed professionals administering it.
- In 2020, the Canadian Health Minister allowed four terminally ill cancer patients to use magic mushrooms for palliative care.
- The University of British Columbia is conducting a 24-week Phase 2 trial, Clairvoyant, to research psilocybin-assisted therapy for adults diagnosed with alcohol abuse disorder.
The Rapid Growth of the U.S. Magic Mushroom Industry
The magic mushroom industry in the U.S. has grown rapidly, making it the only drug that challenges cannabis. This fast growth signifies society’s increasing acceptance of the potential therapeutic use of the substance.
The Emphasis on Mental Health
Medical professionals are fascinated by its potential to lessen symptoms of mental health disorders, including depression, anxiety, and PTSD. Promising results from studies have spurred private pharmaceutical companies to research its medicinal uses.
Not only has this trend sparked interest in healthcare applications, but it has also substantially strengthened the economy. Startups and research initiatives are focusing on the development of psilocybin.
There is a growing body of clinical evidence supporting the use of magic mushrooms to treat specific diseases. Nora Volkow, the Director of NIDA, underscored the increasing evidence suggesting that psychedelics have significant potential for medical treatments.
Legal Milestones
- Oregon Measure 109: Oregon set a precedent in 2020 by becoming the first state to legalize psilocybin for therapeutic use, under the supervision of licensed professionals. allowed trained professionals to manage and dispense controlled quantities. This groundbreaking ruling set a standard for other states to emulate.
