Psychedelic reform is sweeping the nation.
Over the past 18 months five cities and one state have voted to decriminalize psilocybin, and Oregon has gone as far as legalizing psilocybin for therapy.
With nearly 100 cities considering decriminalizing psychedelics across the country, this wave shows no signs of slowing down.
Below, we cover the timeline of cities/states that have made significant reform in regards to psychedelic therapy as of November 2020.
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Investors around the world are keeping tabs on the United States’ psychedelic reform. As psychedelics are still illegal on a federal level, companies are still hesitent to expand into the US, but initiatives such as the ones above are a step in the right direction.
We at Psychedelic Invest anticipate the psychedelic marketplace will follow in the footsteps of cannabis and will continue to become more decriminalized and legal.
For future updates on psychedelic reform and how it will impact the psychedelic market sign up for our mailing list to stay informed.