The competition between the U.S. and Canadian dollars in the global exchange market mirrors the rivalry seen in the magic mushroom industry. The growth of online mushroom dispensaries in Vancouver and beyond is notable, but can they match up to America’s rapid advancement in the psychedelic sphere? Let’s delve deeper.
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Highlights:
- Oregon was the pioneering state to approve the therapeutic application of psilocybin, with licensed professionals overseeing its use.
- In 2020, Canada’s Health Minister gave approval for four terminally ill cancer patients to use magic mushrooms in their palliative care.
- Clairvoyant is a 24-week Phase 2 trial at the University of British Columbia that focuses on psilocybin-assisted therapy for adults with an alcohol use disorder diagnosis.
The Rapid Growth of the Magic Mushroom Industry in the United States.
The magic mushroom industry in the U.S. has experienced rapid growth, equalling cannabis as a formidable player in the narcotic market. This fast-paced expansion signifies society’s increasing acceptance of the potential therapeutic benefits of this substance.
A Focus on Mental Health
Medical professionals are intrigued by its potential to ease symptoms of a variety of mental illnesses, including depression, anxiety, and PTSD. Numerous studies have yielded promising results, sparking interest within pharmaceutical companies to explore its medicinal properties.
This interest has not only sparked a surge in healthcare applications but also significantly contributed to economic growth. Startups and research projects are primarily focusing on psilocybin development.
There is a growing body of clinical evidence that supports the benefits of magic mushrooms in treating specific diseases. Nora Volkow, the Director of NIDA, emphasized the accumulating evidence that psychedelics hold “significant potential” for medical treatments.
Legal Milestones
- Oregon Measure 109: In 2020, Oregon became a trailblazer by being the first state to legalize therapeutic psilocybin use, with authorized professionals administering it. licensed professionals for controlled administration. This significant resolution established a model for other states to emulate.
