Oregon Looks to Become the First State to Legalize Psychedelics


Ryan Allway

March 12th, 2020

Policy


Activists in Oregon have collected more than 100,000 signatures on a measure to legalize psilocybin for therapeutic purposes across the state. The Oregon Psilocybin Society now has enough signatures to qualify for the November ballot, and once verified, voters will be able to decide on what’s effectively a medical use legalization in the new year.

The proposed Oregon Psilocybin Services Act would enable adults to visit licensed facilities to have the psychedelic administered under the supervision of medical professionals. Since psilocybin research remains early-stage with new studies published regularly, the measure would not require individuals to be diagnosed with any specific condition to qualify.

Notably, the bill would not permit retail sales, like the cannabis industry, and psychedelics couldn’t be marketed in the same way throughout the state.

The move follows similar measures in other states, but it would become the first statewide legalization. Last year, Denver became the first city to legalize psilocybin and was followed by Santa Cruz and Oakland, who passed similar measures. Now, activists in more than 100 cities are pursuing psychedelics reforms to increase user access.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


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