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The campaign behind a ballot measure in California to legalize psychedelic substances has presented a final amended resolution to officials in the state. Various changes have been made to the initiative following a public comment period that concluded in November.
For instance, the changes expanded the types of businesses that could operate and also required that larger psychedelics businesses acquire peace agreements with labor unions. In addition, under the revised measure, adults would be permitted to legally use, possess and grow psychedelics such as LSD, psilocybin, DMT, MDMA, mescaline and ibogaine. However, one would require a recommendation from a physician to buy the psychedelics at regulated stores.
The campaign stated that the measure focused on safety and would afford physicians, therapists, nurse practitioners and certified mental-health experts the right to recommend psychedelics to alleviate the symptoms of various conditions, including post-traumatic stress disorder, suicidality, obsessive compulsive disorder, anxiety, depression, addiction, traumatic brain injury and Parkinson’s disease, among others. In addition, naturopathic doctors would also have the authority to give recommendations for these substances.
The amended measure also adds therapy centers, retreat centers and delivery services to a list that included retail, manufacture, wholesale and other aspects of commercial psychedelics activity. The revised resolution, called the Psychedelic Wellness and Healing Initiative, would also make the growing of psychedelic plants and fungi legal as long as it was done on private property, with the owner’s consent and out of public view.
The initiative states that beginning Jan. 1, 2025, entheogenic businesses could start growing, manufacturing and distributing psychedelics, as long as they receive approval from the state’s Department of Food Agriculture to produce food and operate on land zoned for commercial agriculture. Additionally, physicians would be allowed to recommend psychedelics to minors for the treatment of certain appropriate conditions that are serious and life threatening, as long as they obtained a guardian’s or parent’s consent.
It should be noted though that minors could be penalized for engaging in psychedelic-related activities without consent from their guardians. The revised measure noted that the maximum penalty for such offenses would include a mandatory drug-education program, noting that no conviction would remain on the juvenile record of said minor.
Other stipulations of the legislation outline that, following voter approval, a 10% municipal tax would be applied to psychedelic products sold for therapeutic or medical use. Furthermore, the state of California could conduct studies on psychedelics by permitting healthcare practitioners to deliver psychedelics to their patients as well as use them.
If this measure gains voter approval, industry actors such as Compass Pathways PLC (NASDAQ: CMPS) are likely to see the win as another victory for the industry on the state-level policy reform front.
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