The global exchange market consistently sees the U.S. and Canadian dollars in a competitive stance. This rivalry extends to the magic mushroom sector as well. With the rapid increase in online mushroom dispensaries in Vancouver and other cities, the question arises: Can Canada keep up with the speedy advancement of America’s psychedelic sphere? Let’s delve into this.
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Main Highlights:
- Oregon pioneered the legalization of therapeutic use, administered by licensed practitioners.
- In 2020, Canada’s Health Minister allowed four terminal cancer patients to use magic mushrooms for palliative care.
- The University of British Columbia is conducting a 24-week Phase 2 trial called Clairvoyant that investigates psilocybin-assisted therapy for adults diagnosed with alcohol abuse disorder.
Rapid Growth of the Magic Mushroom Industry in the United States.
The U.S. has experienced rapid growth in the magic mushroom industry, making it the only drug that competes with cannabis. This quick advancement suggests a growing societal acceptance of the substance’s potential therapeutic value.
A Spotlight on Mental Health
Medical professionals are fascinated by its potential to relieve symptoms of mental conditions, from depression and anxiety to PTSD. Encouraging study results have incentivized private pharmaceutical companies to explore its medicinal properties.
This trend has not only sparked interest in healthcare applications but has also greatly stimulated the economy. Startups and research initiatives are focusing on the development of psilocybin.
There is a surge in clinical evidence supporting the use of magic mushrooms in treating certain diseases. NIDA Director Nora Volkow underscored the growing evidence that psychedelics have a “considerable potential” for medical treatments.
Legal Milestones
- Oregon Measure 109: In 2020, Oregon achieved a milestone by being the first state to legalize psilocybin for therapeutic use, permitting controlled doses by licensed professionals. This pivotal decision set the stage for other states to follow.
