The global exchange market frequently sees the U.S. and Canadian dollars in a tug of war for dominance. A similar rivalry is apparent in the magic mushroom industry. The surge of online mushroom dispensaries in Vancouver and other cities is noteworthy. However, the question remains: can they keep up with the rapid evolution of America’s psychedelic market? Let’s delve deeper.
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Highlights:
- Oregon was the first state to legalize therapeutic use, with certified practitioners responsible for its administration.
- In 2020, Canada’s Health Minister allowed four terminally ill cancer patients to use magic mushrooms for end-of-life care.
- The University of British Columbia is conducting a 24-week Phase 2 trial, “Clairvoyant,” to study psilocybin-assisted therapy for adults diagnosed with alcohol abuse disorder.
Rapid Growth of the Magic Mushroom Industry in the U.S.
The magic mushroom industry in the U.S. has experienced a rapid surge, becoming a strong contender to cannabis. This fast-paced growth signifies an increasing societal acknowledgment of its potential therapeutic benefits.
Concentration on Mental Health
Healthcare professionals express interest in its potential to ease symptoms of mental health conditions, including depression, anxiety, and PTSD. Encouraging study results have led private pharmaceutical companies to further explore its medicinal benefits.
This trend is not only sparking curiosity in healthcare applications but also significantly contributing to the economy. Startups and research projects focus intensively on the development of psilocybin.
There is a growing body of clinical evidence supporting the use of magic mushrooms in treating specific diseases. NIDA Director Nora Volkow emphasized the emerging evidence showing that psychedelics have “considerable potential” for medical treatments.
Legal Milestones
- Oregon Measure 109: In 2020, Oregon became the pioneer state in legalizing psilocybin for therapeutic use, permitting licensed practitioners to administer it. controlled dosage by licensed professionals. Other states have since followed this precedent.
