For the first time, researchers have been given ethics approval to study whether the psychedelic can be used to treat a primary anxiety disorder.
For-profit companies want psychedelics to be treated as medicine; others want them to just be legal. They'll have to learn to get along.
Canada and some U.S. jurisdictions are loosening their laws around psilocybin as black market dispensaries crop up.
Funded in part by Tim Ferriss, the Project on Psychedelics Law and Regulation will tackle the many unanswered legal questions facing psychedelic-assisted therapy.
A recent application from CB Therapeutics on biosynthetic psilocybin is emblematic of the IP concerns around novelty and obviousness the psychedelic field will face.
It found no significant difference in the psychological wellbeing of participants who took LSD or psilocybin mushrooms, and those who took a placebo capsule.
An attorney who specialises in psychedelic law tells us why we need to legalise psychedelics, how those caught with magic mushrooms have gotten away, and getting high for research.
Compass Pathways, a Peter Thiel-backed psychedelic mental health company, has made patent application claims on aspects of psilocybin-assisted therapy as basic as using soft furniture and holding hands.
"Shrooms and MDMA made me feel like it was OK to laugh, fuck like a banshee, and see the forest for the trees."
The 30-year-old ended up in hospital with multiple organ failure and fungal infections after injecting a mushroom tea.