Legal cannabis is already a $13B+ industry. What lessons does its rise have for the psilocybin industry? I'm a #fungi The American cannabis industry has exploded into a $13 billion dynamo, with all signs pointing to continued growth. Dozens of publicly traded companies are active in the legal cannabis industry, including companies that have been created in recent years as well as industry powerhouses that have seen the opportunity and entered the space. Hundreds more small and midsize startups are thriving as well. Though some questions about cannabis’s future will remain until full federal legalization is achieved, the industry’s rise is undeniable. As research shows the potential medical benefits of psychedelics, including psilocybin (the psychoactive compound in “magic mushrooms”), many entrepreneurs and analysts see a potential similar rise, particularly for psilocybin. Entrepreneurs who want to enter the space would be wise to learn some lessons from those who have succeeded – and failed – in cannabis. Why is psilocybin generating so much buzz lately? Though the use of psilocybin mushrooms for spiritual and psychological reasons predates recorded human history, they have been outlawed in the U.S. since 1971. They are classified as a Schedule I controlled substance, meaning they have “no accepted medical use and a high potential for abuse.” Research into their use was common in the 1950s and ’60s, but the Schedule I designation created massive administrative and financial burdens, as well as stigma, that effectively ended study for decades. A few pioneering individuals and organizations pushed to show that the designation may be misguided, which has unleashed a new wave of research. Studies are now showing psilocybin’s potential usage for a number of mental health disorders that can be difficult to treat, including severe forms of depression, obsessive compulsive disorder, nicotine addiction, anorexia nervosa and fibromyalgia. #depression #obsessive #disorder #nicotine #fungi #imafungi #serotonin #receptor #peripheralnervoussystems #nerve #ptsd #magicmushroom #caps #magicmushrooms #holysmokes #oneman #news #2023 #trip #5ht #mushroom #mushrooms (at Los Angeles, California) https://www.instagram.com/p/CpiMYWgL82M/?igshid=NGJjMDIxMWI=
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