From The Earth announced the roll out of their comprehensive delivery platform. Already available at their Independence and Raytowndispensaries for qualified medical marijuana patients, online delivery is expected to launch at their three Kansas City locations in early 2023.
Recreational, or adult-use cannabis, will be available via delivery for anyone over the age of 21 with a valid state-issued ID once the state of Missouri permits it. While no date has been announced yet, this is expected to take place around February or March 2023.
“With our commitment to fair and equitable access to cannabis, rolling out a comprehensive delivery program was a clear step in the right direction. We believe anyone should be able to access marijuana delivery, especially during inclement weather conditions or when someone is unable to come into one of our dispensaries for whatever reason,” stated Carolyn Richmond, owner of From The Earth.
Kansas City metro cities consider adding local sales tax to recreational marijuana sales (KSHB Kansas City, Kansas City metro cities consider adding local sales taxes.
From The Earth joins a short list of Missouri cannabis companies approved by the state to provide customers delivery straight to their door. To ensure customers’ privacy and delivery drivers’ safety is protected at all times, their fleet utilizes vans that are discrete and secure using top-of-the-line security and surveillance equipment.
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1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to
“Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
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Over the past month, hemp entrepreneurs have traveled to the Florida State Capitol to advocate against a proposal to regulate hemp-derived products that could potentially hurt the hemp industry.
But Monday, many of those same professionals were cheering after the sponsor of the latest version of the bill removed any reference to limiting the THC dosage of those hemp-derived products. THC is the compound in the cannabis plant that can get you high.
In a committee meeting Monday, Manatee County House Republican Will Robinson Jr. said: “All caps are O.U.T., Out.”
Robinson was responding to a colleague, Democrat Anna Eskamani, of Orlando, on the committee. Robinson confirmed to her that his new amendment to the legislation would remove any references to capping the amount of THC in hemp products.
That means that products in hemp stores are not going to be affected in terms of their potency to consumers.
At the same time, the bill is still moving on issues regarding safety. The measure still maintains the safety requirements to keep products like Delta-8 THC out of the hands of those under age 21, provisions that aren’t remotely controversial and have been embraced by virtually everyone who has testified in three previous committee meetings held in the House and Senate.
“We’ve sure come a long way on this one,” said Florida Cannabis Action Network president Jodi James.
“You did a great job – saved a lot of businesses,” added William Clark from the Libertarian Party of Florida.
Carlos Hermida owns a hemp dispensary in Tampa and has attended previous committee meetings about the bill. He opted not to travel to Tallahassee Monday when he saw Robinson’s amendment added to the legislation last Friday.
“The public spoke and Robinson listened!” Hermida told the Phoenix in a text message. “I can’t help but be thankful to the representative for protecting the hemp industry and protecting our children.”
As originally written, Robinson’s bill HB 1475 (as well as a similar version in the state Senate) set limits on how much THC could be included per serving and per package of hemp products. Robinson raised the limits after the bill received its first hearing in a House committee, but hemp advocates said the limits still were far too low and would have made hemp-derived products less potent for consumers to purchase and thus threaten their businesses.
Robinson admitted that “there is more work to be done in this space,” but said that it was also a great indication that the committee process works. “It’s very important to take input from stakeholders and others,” he said.
The measure was unanimously approved by the House Infrastructure Committee, its third and final committee and now will go to the House floor. Its Senate equivalent (SB 1676) is scheduled to go before the Fiscal Policy Committee on Thursday of this week.
April Rules is a colloquial term for April Fools, on current appropriate verbiage.
So, let it out. April does rule. It is the beginning of spring, and the hope for a new beginning, (aside from the tossed New Year’s resolutions).
This year the new collective bargaining agreement between the NBA and the National Basketball Players Association excluded any and all marijuana testing for players per The Athletic.
The NFL hosts franchises in many states where marijuana use is legal for medicinal and recreational use, but the “No Fun League” always fell back on the fact that it remains a controlled substance under federal law.
But now that more and more states are legalizing it, it seems the league might be moved to ban testing altogether, while still maintaining order among players who choose to indulge.
But the league’s current laws surrounding marijuana use and testing might not have anything to do with the substance itself, but rather, a political move. The NFL regards the marijuana ban as part of collective bargaining. This means that, before they get rid of it, they want something in return from the NFL Players Association.
Some believe this has already happened, or the league just refuses to enforce any violations, but it’s simply not the case. The NFL still levies harsh fines for positive tests, and multiple violations still mark players for the treatment program and potential suspensions.
But for how much longer?
Too soon to tell, but there’s no question the NBA’s decision to ban marijuana testing for players is a move other leagues will be monitoring closely.
We, at Inspirational Technologies are at the forefront of Inspirational and Frontrunners on the frontier of current technology. We are often faced with our own personal conflicts which directly influence our interactions with our peers and family.
When Inspirational Technologies is an endorsement of the “Cannabis” approach to the medical condition, we say, let’s let the look at the data and the people who say that they benefit for cannabis alternatives.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
Alcohol Distributors for Federal Legalization of Marijuana are Asking Congress to Act Now.
Story by Jessica Gleman •
One of the largest alcohol distributors, Wine & Spirits Wholesalers of America (WSWA), has called on Congress to legalize marijuana on the federal level this month. The wholesaler argued the continued classification of cannabis as a Schedule I drug has “given rise to an untenable conflict between state and federal law.” WSWA wants Congress to enact regulations similar to that of alcohol.
In 2022, three more states legalized recreational weed, Rhode Island, Maryland and Missouri. There appears to be a growing trend of legalization sweeping the nation, as new measures appear on state election ballots each year. The number of states with legal marijuana will likely increase with every election.
“More than 50 percent of the U.S. population lives in a legal adult-use cannabis state,” read WSWA’s statement.
The statement continues, “The fact is cannabis legalization at the state level is here to stay, evidenced by nearly a decade of newly legalized state markets and no meaningful effort to undo them. Rather, states that have legalized are expanding their markets and even discussing ways to begin interstate commerce of the product. Yet they receive no support from the federal government in determining how to ensure that products are not hazardous or that the market is fair and competitive especially as the market becomes increasingly national in scope.”
A major problem under the current system means states where cannabis is legal face issues with banking or tax deductions because it is not federally legal.
The WSWA wants the federal government to legalize and regulate cannabis in a similar manner to alcohol, which would give distributors an avenue to make a lot of money. The US currently has a three-tier system for alcohol which makes distributors legally necessary middlemen between the producers and the retailers. Therefore, WSWA’s push for legalization is not a selfless act.
We, at Inspirational Technologies are at the forefront of Inspirational and Frontrunners on the frontier of current technology. We are often faced with our own personal conflicts which directly influence our interactions with our peers and family.
When Inspirational Technologies is an endorsement of the “Cannabis” approach to the medical condition, we say, let’s let the look at the data and the people who say that they benefit for cannabis alternatives.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
Is Weed Not Yet Legalized in North Carolina? Medical Marijuana Efforts Gain Traction.
Story by Morgan Paxhia
Is weed legalized in North Carolina? Not currently, but efforts are being made by state lawmakers to pass a medical marijuana bill.
Republican state senator Bill Rabon refiled a medical marijuana legalization bill in late January that, if passed, will allow patients with several qualifying conditions, including cancer, post-traumatic stress disorder (PTSD) and epilepsy, among others, the ability to buy and possess cannabis from licensed dispensaries. A similar bill was blocked last year, but in its current form, was approved by the Senate Judiciary Committee. It still has to make it through a full floor vote in the Senate and House of Representatives, but Republican House Speaker Tim Moore said in an interview that he “would not be surprised at all if that bill moved. I think the odds are more likely than not that something will happen on that.”
According to early looks at the licensing and qualifying conditions included in the bill, North Carolina is making great progress toward establishing its medical cannabis market. Initial plans within the state are for 10 vertically integrated licenses to be approved that will hold up to eight dispensaries each, essentially allowing for 80 doors statewide. Previously, we have seen thriving operators born from a similar tight license count model combined with limited medical conditions and a good addressable market.
We’re reminded of a small-scale version of the Florida market, which has grown massively over the years. This will likely result in a ballot initiative for adult-use weed legalization in Florida in 2024. There will be a lively amount of interest when this is all in place and the application process begins.
Right on North Carolina’s heels comes additional legislative progress in South Carolina. This week, the Senate approved a bill for the legalization of medical cannabis in the state. We covered the potential for this bill to progress earlier this year and are seeing the momentum carry forward.
The movement to legalize medical cannabis in North and South Carolina reminds us of James Tayler and his wonderful song, “Carolina in My Mind.” We are rooting for the Carolinas to bring jobs, tax revenue and legal choice for the good people across both states.
The South shall rise again, but this time as a growth engine for legal cannabis.
Twitter allows ads from legal cannabis companies.
This past October, while Elon Musk completed his ownership of Twitter, speculation swirled around the possibility of the social media platform becoming more cannabis friendly. Last week, the cannabis industry received confirmation of that, as Twitter announced a policy change that will allow U.S. cannabis companies to advertise on its platform.
Twitter is proving to be the social media platform most aligned with the legal cannabis industry, and we are very excited by its move to create a path toward legal cannabis advertising. Mainstream advertising platforms have been reluctant to promote an industry that is federally illegal and have expressed concern about how to validate potential advertisers as legal businesses.
UPDATE 2023
The North Carolina Senate voted on Tuesday to legalize marijuana use for medical purposes, giving strong bipartisan support for the second year in a row to an idea that its supporters say would give relief to those with debilitating or life-ending illnesses.
After little debate, the chamber voted 36-10 to give initial support to legislation that would create a structure by which physicians could essentially prescribe marijuana to their patients if they believe the health benefits outweigh the risks. Patients with over a dozen conditions could qualify — including epilepsy, amyotrophic lateral sclerosis and post-traumatic stress disorder — as well as those with terminal illnesses or who are receiving hospice care.
The proposal is almost identical to a bill the Senate passed last June by a similar margin, which then stalled in the House. This year, Republican House Speaker Tim Moore has said there’s some support for the idea in his chamber. The measure needs one more Senate vote on Wednesday before it moves to the House.
RALEIGH, N.C. (AP) — Marijuana legalization in North Carolina for medical purposes is advancing again within the state Senate, less than a year after a very similar measure setting a structure for its sale and consumption passed the chamber by a wide margin.
The Senate Judiciary Committee voted Tuesday for the legislation, which was refiled last month as the new two-year General Assembly session began. The measure cleared the panel on a voice vote after the passage of several amendments, one of which is designed to ensure sales access in rural areas.
While the new version is likely to clear the full Senate sometime next week, the future of medical marijuana in North Carolina will depend on its level of support in the House. That chamber declined to take up the Senate measure in 2022. Speaker Tim Moore, a Republican, suggested recently that support for legalizing pot for the treatment of medical conditions is possible given the right restrictions in the measure.
Sen. Bill Rabon, a Brunswick County Republican who shepherded the previous and current measures, has pitched to colleagues the legalization of smoking or consuming cannabis as a way to give relief to people with pain or illnesses and from whom their doctors say they could benefit.
House interest “seems to be growing, and I’m very happy to hear that,” said Rabon, a cancer survivor who as a chairman of the Senate Rules Committee is a top lieutenant to Senate leader Phil Berger.
The state’s Democratic governor, Roy Cooper, has pushed lawmakers in North Carolina to reform its cannabis laws.
“Conviction of simple possession can mar people’s records for life and maybe even prevent them from getting a job,” Cooper said at the time.
“North Carolina should take steps to end this stigma,” the governor added.
In his announcement of the pardons, Biden urged “all Governors to do the same with regard to state offenses.”
“As I often said during my campaign for President, no one should be in jail just for using or possessing marijuana. Sending people to prison for possessing marijuana has upended too many lives and incarcerated people for conduct that many states no longer prohibit. Criminal records for marijuana possession have also imposed needless barriers to employment, housing, and educational opportunities. And while white and Black and brown people use marijuana at similar rates, Black and brown people have been arrested, prosecuted, and convicted at disproportionate rates,” Biden said in a statement at the time.
“Federal law currently classifies marijuana in Schedule I of the Controlled Substances Act, the classification meant for the most dangerous substances. This is the same schedule as for heroin and LSD, and even higher than the classification of fentanyl and methamphetamine – the drugs that are driving our overdose epidemic,” Biden added.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
The majority of the psychedelics community has rarely made contact with the world of venture capital and high-growth startups.
This is dangerous because it doesn’t allow for those that work with psychedelic substances to understand what the next 10 years will bring their way… and as of right now the future doesn’t look too bright.
A Venture Capital (VC) firm, is in its simplest form just an entity that invests the money of rich folks into the companies that it believes will become the most financially valuable. There are of course other considerations for some investing groups such as: patient outcomes, environmental impact and sustainability, and general ESG methodologies. But for the most part VC firms work to provide a return, financial gain,to their investors by providing cash to startups that want to grow their business fast.
Let’s say that you are a psychotherapist who’s been running their own clinic for a few years. You were trained by MAPS to do psychedelic assisted therapy and have incorporated the service into your practice. Business is booming. Everyone wants access to your transformative care.
Perhaps you want to open up a second clinic where you can hire on some more therapists with the proper training, but you don’t have the money saved up yet to open up another location.
You could wait a few years, go to a bank to get a loan, or you could seek out an investment.
If you choose to go raise money for your venture you’ll be met with a lot of questions most of which will be pointed at one thing: scale. Most investors won’t put down capital for you to just open up one additional clinic. You’ll need to describe a vision of growing fast and scaling your brand to be the most impactful, widely distributed clinic on the planet.
Why? Because investors lose money on most investments that they make. Almost all of their returns are made from the few investments that knock it out of the park. The billion dollar unicorn that can grow their money more than 100x.
None of this is to say that good companies that can generate a high return don’t exist, but it’s very difficult to find that balance. Within our current system, companies need to compete with one another. That competition plays out through cutting costs, moving quickly, and oftentimes deprioritizing people, the environment, and quality.
It’s also very difficult to prioritize long term results. Every VC firm collects a new pool of money every few years called a fund. Most funds only run for 7 years, 10 years on the long end. Within 10 years you need to see a company sold off or going public for you to cash out and see the fruits of your investment. A company that has a 25 year mission to revolutionize patient care, but has to suffer losses for the first 10? Not going to happen.
As I mentioned earlier, there are strategies for forming firms around values, impact, and longer term results. But it’s extremely difficult. A firm can focus on investing in B Corps, but B Corp status is very time and resource intensive to pursue. There are a few companies in the space that have done it including MAPS and The Third Wave, but it’ll be a long road before we see a meaningful percentage of psychedelics companies adopt this style of doing business.
All of us from Auryn Fund, to Field Trip, to our own Tabula Rasa Ventures are trying hard to make sure that the future of this industry reflects the incredible community that’s built it. But we need to be having more open conversations along with detailed strategies for how to do investment right.
How to Raise Capital for a Psychedelic Startup: Industry Info You Need to Know
In the recent past, psychedelics were considered dangerous drugs. Today, more and more scientists recognize their medical potential. Investors are already investing in the young industry.
Psychedelic drugs have a complicated history. They had a heyday in the 1960s but then fell into disuse. Recent research has partially brought psychedelics back. Today, scientists see them as promising compounds for treating many diseases.
Given the above, it is quite fair to say that the era of the so-called psychedelic renaissance has begun. Since 2020, the number of psychedelic companies has started to increase greatly.
Let’s take a look at the reasons for the increased demand in the psychedelic industry. Learn how to raise capital dealing with this type of business.
Psychedelics Boom
Despite Covid-19 and the collapse of the economy, investors are starting to pay attention to this industry. They bet that psychedelic-derived drugs can become a real business and help millions of people. Researchers, activists, and journalists have been the driving force behind the psychedelic renaissance.
Benefits of Psychedelics
Many startup companies are developing drugs based on psilocybin (the active ingredient in magic mushrooms), LSD, MDMA, and ibogaine. They are banned in the United States, except ketamine, which is also used in the development of such medicine. These companies hope to develop a psychedelic therapy treatment for a wide range of mental illnesses. They include depression, anxiety, addiction, and post-traumatic stress disorder (PTSD).
Medical regulators are also gradually turning toward psychedelics, as they show potential in treating depression. In 2019, the Food and Drug Administration (FDA) called Usona Institute’s psilocybin program for major depressive disorder “breakthrough therapy.”
However, researchers will have a tough road to winning FDA approval.
How Medical Companies Turned to Psychedelics
In early 2020, the drug company Mind Medicine (MMEDF) went public. It received the financial backing of Kevin O’Leary and the guidance of cannabis entrepreneur Bruce Linton. In one interview, O’Leary explained his reasons for investing in psychedelics and talked about the lagging efforts to treat growing psychiatric disorders.
In 2013, Linton became a co-founder of Canopy Growth (CGC), the largest cannabis company in the U.S. He left in 2019 and later became director of Mind Medicine. The main goal of the company is similar to Compass Pathways. They plan to bring psychedelics to market and conduct research on LSD, mushrooms, and other drugs.
Investing in Psychedelics
Venture capital investors were at the centre of the psychedelic boom. In early 2020, startups in the field said they were beginning to see signs of growing investor appetite.
Venture capital firms focused on psychedelic companies soon began to appear. Insider’s list of the top 11 venture capitalists in the field shows $139.8 million invested in such startups in just a few years.
Kevin O’Leary and PayPal co-founder Peter Thiel make big bets on magic mushrooms. Their big plans for mind-altering mushrooms have nothing to do with festivals or raves but deal with biotech instead.
Negev Capital, a psychedelic medical intervention investment fund, invests in companies that are developing new drugs to treat mental disorders based on psychedelic compounds. Negev has invested in 20 psychedelic drug development companies and has more than $30mln under the management
The fund recently doubled down on its substantial investment in Small Pharma Inc, a neuropharmaceutical company specialising in developing new treatments for mental illness with a focus on depression.
Another representative of psychedelic medicine is ATAI Life Sciences. It’s a “drug discovery platform” from Germany. The company invests in research of possible uses of psychedelics and other drugs for medical purposes. As of January 2021, they had raised more than $210 million, much of it from Thiel Capital and Christian Angermayer.
ATAI Life Sciences has taken a majority stake in Recognify, which was founded by Thomas Südhof, winner of the 2013 Nobel Prize in Physiology and Medicine. Recognify’s aim is to develop drugs to help treat schizophrenia. The company focuses on cognitive impairments (CIAS) that interfere with verbal learning and memory. Their new drug, RL-007, although not derived from psychoactive compounds, has already undergone positive clinical trials.
Another company is Compass Pathways (CMPS), which went public in the United States back in September 2020. The British company, invested in by Thiel and Angermayer, has patented a synthetic form of psilocybin. It helps people with treatment-resistant depression.
The company launched clinical trials that involved 233 patients at several sites across Europe and North America. It is the most rigorous trial on psilocybin, which adds great weight to previous, smaller studies of the drug. In November 2018, FDA called the company’s treatment “breakthrough therapy.” This means the approval may come soon if trials are successful. Compass will start Phase 3 trials in the near future.
Cybin is a biotech company focused on the development of psychedelic therapeutics. In October 2021, it completed its 74th pre-clinical study of psychedelic compounds for potential therapeutic applications in several psychiatric disorders. Over 50 new compounds have been evaluated with the help of experienced contract research organizations.
The company seeks to build a portfolio of world-class psychedelic molecules that could become commercially viable drug candidates for both internal development and future partnerships.
The current psychedelic boom is only the beginning of the industry’s development and expansion. Considering investors’ attention to this type of medicine, more startups will emerge in the future. Active research on psychedelics has resumed in recent years, after its peak in the 1950s and 1970s. It may lead to great scientific progress and heal millions of people.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
Many startup companies are developing drugs based on psilocybin (the active ingredient in magic mushrooms), LSD, MDMA, and ibogaine. They are banned in the United States, except ketamine, which is also used in the development of such medicine. These companies hope to develop a psychedelic therapy treatment for a wide range of mental illnesses. They include depression, anxiety, addiction, and post-traumatic stress disorder (PTSD).
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