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DEA Increases Final 2023 Production Quotas for Psychedelics

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Recently, the Drug Enforcement Administration (DEA) released its latest quotas for the production for drugs to be used in research next year. The agency’s final quotas show even higher limits for the manufacture of psychedelics such as 5-MeO-DMT, psilocin and MDMA. The figures are even higher than the quotas the agency had earlier proposed last month. The DEA expanded specific quotas even more after considering recommendations made by the public.

For instance, the Drug Enforcement Administration set its new psilocin target at 12,000 grams. This is more than double the 2022 production quota of the compound, which is extracted from psilocybin mushrooms. The agency also increased its MDMA quota to 12,000 grams from 8,200 grams and its 5-MeO-DMT quota to 11,000 grams from 6,000 grams. The biggest changes in its 2023 production quotas were for 2-CB, which jumped to 5,100 grams from a mere 25 grams, and MDA, which shot to 12,000 grams from 200 grams.

For cannabis, the Drug Enforcement Administration increased the quota to 6.7 million grams to help meet scientific and medical demands. This is quite an increase, especially when compared to its 2021 production quota, which stood at 2 million grams, and this year’s quota, which stands at 3.2 million grams.

Growing more marijuana was made significantly easier after the agency authorized more growers at the start of this year. Approved manufacturers can now apply for contracts to be suppliers of cannabis to the federal government for research, under NIDA.

It should be noted that some quotas remained unchanged from the proposal published in November, including mescaline and LSD, which stand at 1,200 grams each; DMT, which remains 3,000 grams; and psilocybin, which is still 8,000 grams.

In a notice published in the Federal Register, the DEA stated that it was committed to making sure that there was an uninterrupted and sufficient supply of controlled substances to help meet the legitimate scientific, medical, industrial and research needs of the United States for the establishment and maintenance of reserve stocks and for lawful export requirements. The agency also revealed that some biotech companies had given recommendations to consider modifying the Schedule I controlled substance APQ to allow for future studies for mental health conditions such as schizophrenia, treatment-resistant depression, anxiety and post-traumatic stress disorder.

This comes as the Department of Justice and the U.S. Department of Health and Human Services conduct a scientific review of cannabis, following a scheduling directive from President Joseph Biden. The increased production quotas suggest that various entities such as Seelos Therapeutics Inc. (NASDAQ: SEEL) are likely to undertake studies involving the use of those controlled substances.

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