psychedelics
The world's most modest psychedelics reform has failed in the California Legislature once again. Yesterday, the sponsors of a bill that would have allowed three California counties to run temporary pilot programs through which veterans and first responders could be administered psilocybin (the "magic" chemical in magic mushrooms) under medical supervision pulled their legislation, reports KQED. The bill's authors cited a certain "no" vote in a coming Assembly Health Committee hearing as the reason for axing their own legislation. This is the latest failure of legislation aimed at liberalizing ...
Reason
Efforts to make MDMA legally available as a psychotherapeutic catalyst hit a daunting roadblock on Tuesday when an expert panel overwhelmingly voted to recommend that the Food and Drug Administration (FDA) reject a new drug application that Lykos Therapeutics submitted in February. Members of the panel expressed several concerns about two Phase 3 studies of MDMA's safety and effectiveness in treating post-traumatic stress disorder (PTSD), including unblinding of subjects, potential underreporting of adverse events, and allegedly inadequate assessment of MDMA's abuse potential. "We are disappoi...
Reason
California could soon become the third state to decriminalize psychedelics after the state assembly passed a bill that would allow adults 21 and older to legally possess the drug in both plant and mushroom form. Introduced by State Sen. Scott Weiner in 2021, Senate Bill 58 was passed in a 42-11 vote. It would decriminalize substances such as psilocybin, DMT and hallucinogenic mushrooms. Those who support the decriminalization and legalization of psychedelic drugs say it has mental health benefits by reducing symptoms of major depressive disorder. Recent surveys show a growing nationwide suppor...
uInterview.com
Whitney Tilson’s email to investor discussing Marijuana decriminalization just took a big step forward in Congress; the new science of psychedelics; Carson Block’s latest thoughts on GSX Techedu; Exxon under pressure from new activist fund; $210,000 lunch. Q3 2020 hedge fund letters, conferences and more Marijuana Decriminalization Just Took A Big Step Forward In Congress1) This article in the Washington Post, Marijuana decriminalization just took a big step forward in Congress, reminds me of one of the themes – a boom in the cannabis sector – of the webinar I hosted with my colleagues Enrique...
ValueWalk
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