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Insurance Coverage for Psychedelic Treatment: Breaking Down the Costs and Access

Legal psychedelic treatment doesn’t mean much if no one can afford it. The cost of psychedelic-assisted therapy is undoubtedly high, and ensuring equitable access is one of the issues the industry strives to solve.  The big question here is— will insurance cover the cost of treatment? The short answer is yes and no. The long answer is a bit more complicated. Does Insurance Currently Cover Psychedelic Therapy? The answer for this one is mostly no, with a tiny bit of yes. Insurance will only cover the cost of drugs that are FDA approved. As a result, the only psychedelic currently…

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What’s Next?— Predictions for What Happens After MDMA is Approved

The entire psychedelic industry is holding its breath in anticipation of the long-awaited FDA approval of MDMA. It will certainly be a big step for the sector, but it is only one of many. Once the drug is approved for medical use, there is a lot to be done to overcome the issues that the Multidisciplinary Association for Psychedelic Studies (MAPS) will face while commercializing the drug for medical use. The FDA approval of MDMA for the treatment of PTSD is pretty much set in stone. Of course, there is always the possibility of some speed bumps. But, the data…

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Breaking Political Boundaries: The Surprising Political Consensus on Psychedelics

Once upon a time, psychedelic legalization was an issue exclusive to ultra-liberals in the United States. That time has come and gone. Both sides of the political spectrum are now taking action to get psychedelic treatment in the hands of US citizens. Bipartisan support began to take shape in 2022, and it is now more apparent than ever that everyone is coming together to champion psychedelic treatment.  Just last month, Kentucky, one of the country’s most conservative states, allocated an astronomical amount of capital to researching Ibogaine for the treatment of opioid addiction— a psychedelic compound derived from the West…

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Exploring Intersections: A Comparative Analysis of the Psychedelic and Cannabis Industries

The cannabis and psychedelic sectors have a close relationship, much like that of siblings nurtured by devoted parents striving for their success. However, despite their shared origins, these two industries are on separate paths, each with its own complexities. Cannabis and psychedelic compounds are often lumped together due to their common federal illegal status, despite the fact that they do minimal harm and have potential health benefits. While there are similarities between the two industries, there are also significant differences. This analysis aims to provide a comparative analysis of these industries, shedding light on their distinct characteristics. Cannabis and Psychedelic…

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Tripping Around The World: The Global Legal Landscape of Psychedelics

Psychedelics have been illegal in much of the world for over half a century. However, that is starting to change. As the medical and spiritual benefits of psychedelics become increasingly apparent, more cities, states, and countries are changing the laws that govern these compounds. The following is an outline of the global laws governing psychedelics as of June 1, 2023. Fortunately, laws are constantly changing! To stay up to date on where psychedelics are legalized and decriminalized, keep an eye on our legal guide, which is constantly being updated to reflect changes in regulations. Legalized VS Decriminalized Many cities, states,…