It shouldn't necessarily be the promising therapeutic research for a drug that justifies moving away from a criminal approach to a public health approach. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Psilocybin mushrooms, often called magic mushrooms or shrooms, might soon be partially legal, or at least decriminalized, in several states. Advocates are pushing similar psilocybin-related measures for the statewide 2020 ballot in Oregon and California. Could there be some kind of officially stated federal tolerance for mushrooms, rather than just a tenuous and assumed understanding? Washington, D.C., did not vote on the the legalization of psilocybin, but they did approve the decriminalization of psychedelic mushrooms. The drug was banned by the 1970 Controlled Substances Act. On November 18, it announced an important new partnership. Ronan Levy, the cofounder of Field Trip Health, a Toronto-based company that provides psychedelic-enhanced psychotherapy, said the ballot wins are "fantastic news" for what he called the psychedelic renaissance. There's still a federal pathway you need to follow for clinical research with Schedule 1 drugs, which remains in place. At the same time, Washington, D.C., joined a host of U.S. cities that have lowered or eliminated the criminal penalties for the use and sale of mushrooms. In some sense, psychedelic therapy is more akin to an endoscopy or surgery in that it takes place in a designated setting for a designated time period during which risks increase. One stated goal is to coordinate with federal authorities, which I think is very important. If those trials are successful in showing sufficient safety and efficacy, the FDA would need to move psilocybin out of Schedule 1 to allow for medical use. There are known risks related to psilocybin, and we have effective practices that squarely mitigate those risks. A D.C. ballot measure to decriminalize the use of mushrooms and other psychedelics also appears to have been approved; early results show that about three-quarters of voters were in favor. ET, the measure was passing with 55.8% support and over 2 million votes cast, according to Oregon's Secretary of State. If they do so and the psilocybin legalization measure is approved by voters, the state agriculture department would have to issue licenses by September 20, 2021. according to Oregon's Secretary of State. Magic mushrooms, Psilocybe semilanceata, covered in frost. Psilocybin is a psychedelic drug produced naturally by psilocybin mushrooms, commonly known as "magic mushrooms". Levy added that he expects more states to legalize the use of psychedelics in supervised settings in the years to come. That's opposed to sending people home on their own with medications, like with cannabis—which is more like getting an anti-anxiety prescription. Oregon on Wednesday became the first state to legalize the active ingredient in so-called magic mushrooms on an election night that saw more states ease … A similar 2020 ballot measure in Oregon could also make magic mushrooms legal there. These moves follow a gradual cultural shift in recent years toward mainstream acceptance of psychedelic drugs, particularly as interest grows in their possible medical and psychiatric benefits. Despite the sweeping moves to deregulate, shares of publicly traded marijuana companies took a hit in midday trading Wednesday. That's not the best analogy, though, because, for one, the treatment model is just so different. We have effective practices that squarely mitigate those risks a spokesman for the 2020! 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