Wesana Health to Acquire PsyTech, Emphasizing New Shift to Psychedelics

If you haven’t been paying attention, medical psychedelics are on the rise, with the new industry gaining an impressive foothold even before legalizations occur. In this new move, Wesana Health will acquire Psytech, Inc., giving the company new strength to dominate this new emerging market.

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Wesana will acquire Psytech, Inc., what will this mean?

Wesana Health Holdings, is a life sciences company that specializes in developing and delivering therapies for neurological health issues. The Chicago-based company looks to help patients overcome the damage of physical brain trauma which results in neurological, psychological, and mental health problems. The company was founded recently, in 2020, and looks to develop therapeutic solutions using psychedelic therapies including drugs like: Ketamine (and esketamine, which is currently legal), mescaline, MDMA, and psilocybin.

Psychedelitech, Inc. (PsyTech, Inc.) is a company specializing in the medical psychedelics industry, which provides clinical tools and education, as well as clinical care. The company promotes psychedelic-assisted therapy, novel methods of care and the tools to go along with them, and integrative ways for mental healthcare delivery. The company focuses a lot on the use of psilocybin therapies. The company has three parts: Tovana Solutions – a SaaS platform, Tovana Clinics – which provides a psychiatric care network, and PsyTech Connect – a community for psychedelic practitioners.

It was announced on June 13th, 2021, that Wesana Health would acquire PsyTech for $21 million, making PsyTech a completely owned subsidiary of Wesana. This will give Wesana access to all three parts of PsyTech. Wesana is looking to expand its efforts into neurological healthcare. According to CEO Daniel Carcillo (who is also a former NHL hockey player and two-time winner of the Stanley Cup), Wesana is working on new treatments and medications to treat traumatic brain injuries. He made this statement about the acquisition:

medical psychedelics

“The acquisition of PsyTech will greatly accelerate our ability to understand, analyze and improve neurological health and performance by providing a data platform on which to build our technical strategy, clinics in which to apply and accelerate our neuroscience research and relationships with many thousands of the practitioners who will leverage our medicines, diagnostics, and technology to heal people.”

The three arms of PsyTech

PsyTech has three components that Wesana will be taking over. Tovana Clinics – soon to be Wesana Clinics is a chain of mental health clinics which specialize in the delivery of psychedelic-based care, which currently involves esketamine therapy (as this is the only currently legalized psychedelic medication), and looks to incorporate new compounds as they become legal. The chain currently involves two locations, with a third set to open later this year, and about 12 more in the works that should be operational by this time next year.

PsyTech’s Tovana Solutions platform provides data collection, tracking in real-time, patient management, and general analysis tools. It also provides healthcare professionals the ability to learn current protocols and track effectiveness. The platform will be renamed Wesana Solutions.

The last arm, PsyTech Connect, is a network of over 8,000 professionals who tune in to find out about best clinical practices and protocols. Besides the network of practitioners, it also provides conferences, and educational material. The idea for Wesana is to integrate with psychiatrists across the US to expand the company and its therapeutic model.

Wesana founder and Executive Chairman, Chad Bronstein, reminds: “There are over 50,000 psychiatrists and 15,000 psychiatric practices in North America alone who will require solutions to adopt the novel and effective psychedelic-assisted therapies that already exist and are currently in development.”

Both the boards of Wesana and PsyTech have approved the acquisition unanimously. In order for it to officially go through, 2/3 of PsyTech’s shareholders must also approve. With 67% of shareholders already signed onto an agreement of support for the measure, there shouldn’t be anything getting in the way of the acquisition happening.

What psychedelic medications are already used?

Esketamine therapy

The medical psychedelic movement is massively picking up speed, even if it hasn’t quite filtered through to mainstream media just yet. There are, by the way, reasons that news of this industry’s growth hasn’t made major headlines in major publications. As of right now, there are a lot of smaller biotech companies like Wesana and PsyTech getting in on it, and that means competition for the major pharmaceutical companies, which so far do have the only legal offering. Until large pharmaceutical companies can fully profit off the industry, I expect it will be kept quiet, despite major growth.

So what is currently legal? Only one medication is out called esketamine. What is this compound? Esketamine, as the name implies, is a close relative of the dissociative and psychedelic party drug, (and animal tranquiller and human anesthetic), ketamine. In 2019 the FDA approved esketamine for treatment for major depression.

In 2020, the FDA updated the approval to cover prescription for suicidal thoughts as well because of how fast-acting the compound is. Esketamine is the first new medication approval for depression which does not fit the standard model of antidepressants, as its not an SSRI, tricyclic antidepressant, or MAO inhibitor. In fact, it entirely goes against the current model for the treatment of mental illness, meaning it does not work with monoamines.

Esketamine is sold under the name Spravato, being marketed by Johnson & Johnson’s Janssen Pharmaceutical Companies. It has been approved as an anesthetic under other trade names like ketanest. Esketamine is a Schedule III substance in the US.

What psychedelic medications are on the way?

Obviously, if one psychedelic drug has been approved, which already breaks with the idea that all psychedelics are illegal (obviously not the case), then why shouldn’t it be expected that more are on the way? In fact, they most certainly are, and to show how clear it is these legalizations are coming, the US government is actually pushing for them through its own Food & Drug Administration. In fact, the two compounds its currently pushing, are specifically Schedule I drugs at the moment, but will not be for much longer. Here’s why:

In 2017, the FDA earmarked the drug MDMA as a ‘breakthrough therapy’ for the treatment of PTSD. What does this term mean? According to the FDA, “A breakthrough therapy designation is for a drug that treats a serious or life-threatening condition and preliminary clinical evidence indicates that the drug may demonstrate substantial improvement on a clinically significant endpoint(s) over available therapies.” This designation isn’t blindly made, but generally comes at the request of a drug company, which is currently doing research that shows the compound is more promising than current options.

mdma therapy

This description is meant to quicken research and get products to market faster. What this means, is that the FDA is pushing for a Schedule I substance – defined as a highly dangerous compound with no therapeutic value, to be on pharmacy shelves sooner, rather than later. To make it even more clear, the Multidisciplinary Association for Psychedelic Studies (MAPS) – which is the organization that won the designation for its research, is currently in phase 3 trials for an MDMA drug, which were put together in conjunction with the FDA to ensure the trials and outcomes would be in line with FDA regulation. Is there a better way to say the US government wants this drug out to consumers?

The thing is, MDMA isn’t the only drug being backhandedly pushed by the US government. In 2019, the FDA gave two separate ‘breakthrough therapy’ titles to psilocybin from magic mushrooms, for use with major depressive disorder. The first granting of this designation was given to Compass Pathways, which looks to treat the most severe treatment-resistant depression, and the second time around it went to Usona Institute, which has ongoing trials to test the efficacy of just one dose of psilocybin to treat major depression.

Conclusion

That Wesana Health is about to acquire PsyTech, is just another indication of the growing magnitude of this new industry. The acquisition also highlights not only the growing appeal of psychedelic compounds to treat mental illness, but of the networks now being put together, which will set up the entire framework of how these therapeutic services will run.

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DisclaimerHi, I’m a researcher and writer. I’m not a doctor, lawyer, or businessperson. All information in my articles is sourced and referenced, and all opinions stated are mine. I am not giving anyone advise, and though I am more than happy to discuss topics, should someone have a further question or concern, they should seek guidance from a relevant professional.

The post Wesana Health to Acquire PsyTech, Emphasizing New Shift to Psychedelics appeared first on CBD Testers.

Kiss the Psychedelic Toads to Treat Mental Illness

Most people have heard the names LSD, magic mushrooms, and ecstasy before. But not everyone has heard of, say Bufo toads. Yet, even without it being a part of popular culture, or a well-known drug, it is a possible premise for a popular long-running fairy-tale. And perhaps it is this fairytale that helps explain why kissing psychedelic toads, can help treat mental illness.

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Fairytales are fun

There are different versions of this story around. The most well-known of which was published in 1812 by the Brothers Grimm, called the Frog Prince. In the story, a princess is playing with a golden ball by a spring. When she misses the ball, it falls into the spring and she cannot retrieve it. She is very sad, stating out loud how she would give up everything to get the ball back. A frog hears her and comes over. He tells her he will get her the ball if she will be his friend, which apparently in this context means living with her, sleeping on her pillow, and eating from her plate.

The princess, of course, agrees, but upon receiving her ball back, she runs off with it, ignoring her promise. The frog follows her home, and the princess runs off to consult her father the king, who tells her to respect her promises in life. So she lets the frog in and allows him to eat off her plate, but when he asks to sleep on her pillow, she refuses. When the frog threatens to tell the king that she is refusing, she picks up the frog and throws him against the wall, thus turning him back into a prince and breaking the witch’s spell he was under.

the frog prince

This version seems to be standard, however, in another standard version, the princess kisses the frog in order to change it into the prince. In yet another version, the princess simply allows the frog to be her friend, thereby ending the spell. It’s a kind of trippy story no matter how you look at it. Talking frogs, witch’s spells, and animal/human transformations. Even without considering the possible link between the story, and actual psychedelics, it’s kind of psychedelic anyway.

However, it just so happens, that because a popular version of the story entails the princess kissing the frog in order to break the spell, it brings up a possible tie between the story, and a species of toad that might actually make a person think another person has changed species.

What are psychedelic toads?

Well, for one thing, they’re toads and not frogs, so if there is a tie between the story and the animal, a general mistake was made in categorization. However, it’s the same as confusing a rabbit and a hare, and does little to change the idea of the connection.

In short, psychedelic toads, are toads that contain psychoactive compounds within their skin known as bufotoxins, or a compound called 5-MeO-DMT, that when smoked, or eaten, can cause a psychoactive experience, complete with hallucinations, feelings of connection, euphoria, and so on. Psychedelic drugs are themselves a subset of hallucinogens, which are a class of psychoactive drugs. Psychedelics are known for producing these effects, as well as increasing feelings of spirituality, overall wellbeing, and increasing or distorting perception.

Most well-known psychedelics come from plants like peyote or magic mushrooms, or are made in a lab like LSD. However, the compounds 5-MeO-DMT, and/or bufotoxins like Bufotenin – 5-HO-DMT, can be found in the skin of a living animal. When looking at the chemical structure, you can see that DMT is involved, and in fact, is a related cousin to these compounds, with 5-HO-DMT being 4-6 times stronger than DMT.  

5-HO-DMT is a schedule I compound. So are both MDMA and psilocybin, both of which have been earmarked by the FDA as ‘breakthrough therapies’ for different forms of mental illness. This designation essentially means the drugs are being fast-tracked through medical research trials, so as to get products onto shelves. This implies that scheduling of such compounds will likely change quickly when products are available, and this could include 5-HO-DMT and other psychedelics, as well.

psychedelic toads

There are several different species of toads that have these compounds, with the most well-known species being the Incilius alvarius, or Bufo alvarius (Colorado River Toad/Sonoran Desert Toad). Usage of toads in this way dates back to the Olmec period in pre-Columbian Mesoamerica, from around 1,200 BCE to approximately 400 BCE.

5-MeO-DMT, or 5-Methoxy- N,N-dimethyltryptamine, is a compound found in different plants, as well as the Bufo variety of toads. It has been used since ancient times, and it more recent scientific investigation it was found that it can assist with spiritual exploration, that it’s not addictive, and that it might be good psychotherapeutically. Effects of 5-MeO-DMT can be felt within a second of inhalation, and trips last anywhere from as short as seven minutes, to as long as 90 minutes.

Psychedelic toads and mental illness

If you thought psychedelic toads weren’t studied for mental illness, you’d be mistaken. In 2018, a study came out about the unintended anxiety-reducing and depression-reducing effects of 5-MeO-DMT. The study examined people using the drug for spiritual or recreational reasons, and found self-reported improvements on both fronts. Respondents completed an anonymous survey, which found that 80% of those who responded who had been diagnosed with depression, felt improvement, and 79% of respondents who had been diagnosed with anxiety, also saw improvement in how they felt. Few felt unchanged, and a small amount felt worse than before by a very small margin.

In another study from 2019 about psychedelic toads and mental illness, the effects of inhaling 5-MeO-DMT vapor on affect and cognition, were measured. 5-MeO-DMT comes from the parotoid glands of the Bufo alvarius toad. The goal of the study was to investigate the semi-immediate and long-term effects of inhaling this secretion. The study participants were measured before the inhalation to establish a baseline measurement, within 24 hours of it, and again a month later. Trials were conducted in different parts of Europe, and participants were given just a single inhalation of the secretion.

medical psychedelics

The results of the study showed an increase in life satisfaction ratings and convergent thinking within 24 hours after inhalation, and was maintained a full month later. Mindfulness ratings actually went up over time, and at four weeks reached a statistically significant level. Depression, anxiety, and stress ratings all went down immediately after inhalation, and also reached a statistically significant level at four weeks. Those who experienced ego dissolution or ‘oceanic boundlessness’ – a measure of the spirituality aspect experienced, reported higher levels of satisfaction, and lower levels of depression, stress, and anxiety.

In a comparison study concerning spiritual intensity, between 5-MeO-DMT and psilocybin – the psychoactive compound in magic mushrooms, it was found that the two substances produce spiritual experiences that are comparable. 5-MeO-DMT was administered to 20 participants who received 50 mg vaporized of the compound. The results of this were compared to a previously conducted psilocybin study, where participants received 30 mg of that compound, and the general spiritual intensity was found to be the same.

Issues

The main issue with extracting a drug from an actual living being, is that you generally kill, or harm, that actual living being. For the same reason its often frowned on for elephants to be killed for their tusks, the same can be said for indigenous toad populations, which have been affected by their capture and use as a psychedelic drug. This is one place in life where a synthetic answer is most definitely preferable to the killing of a whole species.

Conclusion

As research into different psychedelic compounds continues, psychedelic toads will likely come to the forefront of mental illness treatment, especially synthetic versions. Given the shorter duration time (much like DMT), and the reported positive benefits, something as strange to think of as a psychedelic toad, might actually be one of the best weapons against anxiety, depression, and other forms of mental illness.

Hello! Thanks for stopping by CBDtesters.co, your best spot for the most current cannabis-related news from all around the world. Join us regularly so you’re always on top of the exciting world of legal cannabis, and sign up to our newsletter so you never miss a story.

Resources

How to Invest in Multi-Billion Dollar Medical Psychedelics Industry
The New Rise of Medical Psychedelics

Welcome to the World’s 1st DMT Trials into Depression
Germany Leads EU in Cannabis Oil Imports…and Exports
What is DELTA 8 THC (FAQ: Great resource to learn about DELTA 8THC)

Florida Bill Aims to Legalize Medical Magic Mushrooms
Desert Tripping – A Closer Look at Peyote: Spiritual, Medicinal, & Controversial
The CBD Flowers Weekly newsletter (your top resource for all things smokable hemp flowers). German Cannabis Flower Market is Ready to Explode
Psychedelic-Assisted Therapy, and How It Works

The Delta 8 Weekly Newsletter (All you need to know about Delta 8 thc) and the Best Delta 8 THC Deals. Can LSD Treat Your Mental Illness?
DIY: How to Make Delta-8 THC at Home MDMA – The New Way to Treat PTSD Delta-8 THC and the UK: Is It Legal?
Ayahuasca In the Fight Against Drug Addiction German Medical Cannabis – A Model For Europe, As Prices Fall
Delta 8 Syringes – Why are they important?

Disclaimer: Hi, I’m a researcher and writer. I’m not a medical professional, I have no formal legal education, and I’ve never been to business school. All information in my articles is sourced from other places, which are always referenced, and all opinions stated are mine, and are made clear to be mine. I am not giving anyone advise of any kind, in any capacity. I am more than happy to discuss topics, but should someone have a further question or concern, they should seek guidance from a professional in the relevant field for more information.

The post Kiss the Psychedelic Toads to Treat Mental Illness appeared first on CBD Testers.

How to Invest in Multi-Billion Dollar Medical Psychedelics Industry

As the legal cannabis market booms, another class of drugs on the horizon is getting closer to legalization, with its own impending boom coming. And that means a whole new place for investment. So as MDMA, psilocybin, and DMT work their way through medical trials, here’s how to invest in this new medical psychedelics field.

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What are psychedelics?

Psychedelics are a subset of hallucinogenic drugs, which themselves are a subset of psychoactive drugs. Whether made in a lab like LSD, or found in nature like psilocybin or peyote, psychedelics are known for causing ‘trips’. When a person is tripping, they may have altered perceptions of the world around, experience/feel/taste/see/hear things that are not real (hallucinations), feel a heightened sense of connection to those around them, experience euphoria, feel a sense of spirituality and connectedness with the universe, and a greater sense of self-introspection. A large percentage of psychedelics are serotonergic, meaning they effect serotonin receptors in the brain, though they can do this in different ways.

Some drugs like DMT produce short trips of less than an hour in duration. While other drugs like LSD, psilocybin, and mescaline can cause trips that last for many hours, as many as eight or ten. Sometimes people experience bad trips in which negative, or even scary, hallucinations are experienced, and/or a rapid heartbeat, sweating, nausea, disorientation, and fatigue occur. There is indication that the majority of these symptoms can be controlled through proper dosing. In fact, many therapeutic psychedelic users consume the drugs in micro-doses.

All psychedelics are Schedule I in the Convention on Psychotropic Substances, a drug scheduling treaty which defines the legality of different compounds globally. Starting with the Staggers-Dodd bill in 1968 which illegalized LSD and psilocybin, and finishing with the placement in the Convention, making all such substances illegal to buy, sell, or consume, with no purported medical value.

psychedelics

Psychedelics have been used for thousands of years, all throughout the world, though their uses in medicine in the mid-1900’s, and proposed uses today, are generally different than the shamanistic/ritualistic way they were primarily used in history, although this is not to say that there were not traditions that did use psychedelics therapeutically. Technically, if a shaman is consuming ayahuasca to get rid of demons, I suppose that could be thought of as therapeutic anyway.

Medical psychedelics research

Psychedelics, particularly, LSD, were introduced to modern medicine around the 1950’s after Albert Hoffman synthesized the compound in Switzerland in 1938. Several psychotherapists at the time, like Humphry Osmond and Ronald Sandison caught onto the idea, bringing these treatments to England and America. Hoffman conducted, among other research and therapy, the Saskatchewan trials, and ultimately came up with the idea of ‘psychedelic therapy’ in which a single large dose of LSD was given along with therapy sessions.

‘Psycholytic therapy’ is what Ronald Sandison’s version became known as in the UK, with the difference being that Sandison’s treatment style was to do multiple sessions with smaller amounts of the drug that increased through the process. Both doctors found great success particularly with alcohol addiction. How much success? According to the Saskatchewan trials, as many as 40-45% of drinkers were still not drinking a full year after the therapy session.

Unfortunately, when the drugs were made illegal, all ability to continue such treatments ended, and the ability for research into the field was completely stymied, and did not pick up again until much more recently. However, to give an idea of the massive turnaround that has been going on when it comes to psychedelics, consider that the US’s Food & Drug Administration (FDA), singled out both psylocibin in 2019 and MDMA in 2017 as ‘breakthrough therapies’ for depression and PTSD respectively. Such a designation by the FDA is meant to speed up research and development for products deemed necessary for health.

This indicates a desire by a US government agency to not only test these drugs, but to get them to market. And they’re all schedule I right now. One exception to psychedelics all being schedule I, however, is magic mushrooms. Though its psychoactive components like psilocybin are Schedule I, and therefore illegal, the plants themselves are not outlawed, creating a bit of gray area in terms of mushroom use, cultivation, and production. This gray area could prove useful in the future.

What can be expected?

If you’re wondering why this matters, consider how massive – and growing – the legal cannabis markets are. Well, psychedelics offer many of the same medical benefits, especially psychologically, with possibly added abilities in other departments. And they’ve proven to be very safe. As an industry in which much of it is pharmaceutical to begin with, it’s a safe bet that these drugs are going to pick up quickly. Because the pharma world is sure to take a massive interest, it gives even more reason to invest in medical psychedelics now, before everything explodes.

psychedelic-assisted therapy

So how much is it worth? I’m not the kind of writer who generally likes to get into these numbers. Every publication makes its own predictions, off its own information, and very rarely do these predictions seem to consider world changes. Whatever the size of the CBD industry was originally predicted to grow to a few years ago, that number would be invalid by now because it didn’t account for THC-based medicines growing in popularity, or legal markets, or psychedelics.

Imagine how much psychedelics could eat away at cannabis revenue. And not only that, any predictions of the future market size for psychedelics would have to take into account the still expanding cannabis markets (with more countries constantly legalizing in some form or another), and the question mark of what currently unforeseen factors could upend the trend a few years down the line. So, I’m not concerned with too many predictor numbers, but here’s just one, in order to get an idea what we’re dealing with.

PRNewswire, citing an analysis by Data Bridge Market Research, explained the forecast for 2020-2027, in which the field is expected to grow to $6.8 billion by 2027. It was worth just over $2 billion in 2019.

Best ways to invest in growing medical psychedelics field

Now that a certain barrier seems to be broken, more companies are conducting clinical trials, getting patents, and starting to get clearances for products. In fact, if you thought the psychedelics market was off limits, you’d be very much mistaken. Not only is this a growing market with a lot of possibility, but companies are already staking their claim, leaving room for you to start investing. So, if you like the idea of getting in on something before it explodes, consider investigating the following companies, and invest in the medical psychedelics field.

Much like with cannabis, Canada is quickly establishing itself as a leader in medical psychedelics, with the top companies coming out of this country. In the first half of 2020, $150 million USD was raised by six different companies: Mind Medicine, COMPASS Pathways, Field Trip Psychedelics, ATAI Life Sciences, Orthogonol Thinker, and Numinous Wellness. Mindmed and Numinous are already publicly listed companies. This is an early stage entry for investors. In fact, to give an idea of how seriously Canada is taking this, the first exchange traded fund – The Horizons Psychedelic Stock Index ETF, made its debut in January. ETF’s are like regular asset exchanges, except that they include a mix of stocks, commodities, and bonds. This exchange is solely for psychedelics.

The CEO of the fund, Steve Hawkins, said that while larger pharmaceutical companies have been admitted to the fund, the idea is to keep it mainly for smaller psychedelics companies. Companies can be added to the fund if they can tick the following boxes: be a part of a regular US or Canada-based stock exchange, be a biotechnology company focusing on medical psychedelic research, be a producer and/or supplier of psychedelic medicines, and be a company that works within the general supply chain for psychedelic medications.

medical psychedelics

Biggest names so far

When it comes to emerging fields and investing, the majority of people will never get there preemptively, and will instead act by reaction. For anyone who wants to get in on it before the top blows off, the following companies currently provide the best prospect for future growth, expansion, approval, and ability for revenue. These names should be noted, they will likely be bringing you the first approved medical psychedelic products, and for anyone looking to invest in this rapidly growing field of medical psychedelics, they stand out as the best options so far.

Mind Medicine is one of the furthest along when it comes to getting a product out there. It’s a pharmaceutical company that specifically works to develop psychedelic medications. The company is currently in the middle of six different trials on drugs like MDMA, LSD and DMT. In January of 2021, MindMed announced the first ever clinical trials to involve a combination of MDMA and LSD, with company president Dr. Miri Halperin Wernli stating:

“I believe that when LSD and MDMA are taken together they have exceptional potential to open a window into our mind which will awaken it to new levels of awareness by changing the fluidity of the ‌state‌ ‌of‌ ‌consciousness, amplifying‌ ‌changed‌ ‌perceptions,‌ ‌intensifying ‌emotions‌, ‌and‌ stimulating ‌novel‌ ‌thoughts. It is like a gateway to a multidimensional universe.”

When it comes to MDMA trials, MAPS – Multidisciplinary Association for Psychedelic Studies,  is also making its way to approval. MAPS entered phase III of its trials into MDMA for PTSD, and aligned this phase with the FDA according to a Special Protocol Assessment made directly with the FDA. This means that so long as the trials show clinically significant results, the study will already check all FDA regulatory boxes, and make it that much easier for approval.

However, a psychedelic drug has technically already been approved by the FDA. In March of 2019, Johnson & Johnson’s Spravato got approval. The spray treatment is considered for those who have not received a benefit from at least two separate anti-depressants. Spravato is a drug that’s a chemical cousin of the drug ketamine, which is classified as a dissociative drug, but also as a psychedelic. The medication is meant for severe depression.

There are tons of companies popping up. Apart from the companies already listed, prospective investors should check out Champignon Brands, Hollister Biosciences, Better Plant Sciences, Captiva Verde Land, Core One Labs, Cybin, Empower Clinics, Ehave, Jazz pharmaceuticals and EGF Theramed Health. All of these companies are associated in some way or other with the production of psychedelic medications. And while I have yet to see it mentioned in an article, it seems to me that what might upend everything I just said, is the ability to cultivate magic mushrooms.

LSD

Something to consider

Much like cannabis, mushrooms come with the ability for easy self-cultivation, as well as large scale cultivation. People who invest in today’s cannabis cultivation already know the value of having growing fields. Imagine the same thing, but with mushrooms. I personally believe that the biggest way in the future to invest in medical psychedelics, will be through the growing of mushrooms.

As stated, this is my opinion, and has not been discussed much as far as I can tell. This is not shocking though, and really doesn’t mean much, as this topic is also an undesirable one for any biotech or pharmaceutical company that – much like with cannabis – would much prefer you know nothing about how to do this on your own. And much like cannabis, it’s easy enough to learn how for anyone who needs some help getting started. Plus, since cultivation and sale of the mushrooms themselves is actually legal in many places, it’s way more legal to grow a field of mushrooms in much of the world, than to grow a field of cannabis.

How to invest in Medical Psychedelics – Conclusion

That the medical psychedelics field is coming is not as much up for debate as many would believe. It might be growing in the shadow of the cannabis market, and being kept quiet until the ability for large scale monetization is possible, but it’s coming, and it will be big. For those who want to invest in the growing medical psychedelics field, getting in now is probably the best idea, and with all the new companies popping up every day, it’s sure to become a heated race very soon.

Hello and welcome to CBDtesters.co, the best location to get up-to-date cannabis-related news from around the globe. Join us frequently to stay in-the-loop on the exciting world of legal cannabis, and sign up for our newsletter so you always know what’s going on.

References

Why the Vape Ban Is Happening, and How It Will Impact Delta-8 THC
Florida Bill Aims to Legalize Medical Magic Mushrooms

DIY: How to Make Delta-8 THC at Home
Here is everything wrong with Biden’s “forced rehab” plan for drug reform
What is DELTA 8 THC (FAQ: Great resource to learn about DELTA 8THC)

Can LSD Treat Your Mental Illness?
Welcome to the World’s 1st DMT Trials into Depression
The CBD Flowers Weekly newsletter (your top resource for all things smokable hemp flowers). Delta 8 / 9 / 10 / 11… How Many THCs Are Out There?
The New Rise of Medical Psychedelics

The Delta 8 Weekly Newsletter (All you need to know about Delta 8 thc) and the Best Delta 8 THC Deals. How To Choose Delta-8 THC Flowers?
Ayahuasca In the Fight Against Drug Addiction The Many Faces of Tetrahydrocannabinol – Different Types of THC and Their Benefits Psychedelic-Assisted Therapy, and How It Works
Desert Tripping – A Closer Look at Peyote: Spiritual, Medicinal, & Controversial Nature’s Magic – The Health Benefits of Psilocybin Mushrooms

Disclaimer: Hi, I’m a researcher and writer. I’m not a medical professional, I have no formal legal education, and I’ve never been to business school. All information in my articles is sourced from other places, which are always referenced, and all opinions stated are mine, and are made clear to be mine. I am not giving anyone advise of any kind, in any capacity. I am more than happy to discuss topics, but should someone have a further question or concern, they should seek guidance from a professional in the relevant field for more information.

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The New Rise of Medical Psychedelics

As the battle for cannabis legalization continues globally, the re-acquaintance to its medical use has reopened the door for other drugs that have also been labeled as narcotics, or scheduled so that people have no access to their medical benefits. One of the major classes of drugs that has shown great promise therapeutically, is psychedelics. With a greater level of liberal acceptance, there has been a recent rise in the medical use of psychedelics.

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What are psychedelics?

A psychedelic is a drug containing psychoactive compounds capable of altering a person’s mood, perception and cognition. This can include naturally occurring and man-made substances. Examples of psychedelics include: mescaline, which can be found in San Pedro cactus and peyote; DMT, one of the main ingredients in ayahuasca; LSD; and psilocybin, which is what makes magic mushrooms so magical.

Psychedelics are known to produce life-altering experiences, wherein the user can find insights into life and consciousness. It are these attributes that have been the main instigator for the recent rise in research of medical psychedelics.

Psychedelics, much like cannabis (which is technically a psychedelic), occur naturally in different plants around the globe, and have been used for millennia in different ceremonial, religious, and medical practices throughout history. Unlike cannabis, they were not all outlawed together in one sweeping move, but rather, became illegalized over time. In the US, the criminalization of psychedelics started in 1968 with the Staggers-Dodd bill which specifically illegalized LSD and psilocybin.

The word itself, ‘psychedelics’, was first used in 1957 to recognize substances that were said to open the mind, however, the more scientific term for them is ‘entheogens’. This term was adopted less to be scientific, however, and more to allow the field to operate without the stigma attached to psychedelics from the smear campaigns of the 1960’s. The term entheogen comes from Greek where it means ‘building the god within’.

LSD

History of illegalization

When it comes to the illegalization of cannabis, it is becoming understood more widely that there was more to it than a fear for public safety. The entire movement to illegalize was spearheaded in the government by Harry Anslinger, with media giant William Randolph Heart pushing the anti-hemp movement from outside, in an effort to kill the enemy of his paper industry.

Some might see it as a similar manner of business, when psychedelics were demonized in the 60’s and70’s, as when cannabis was in the 1930’s onward. In the case of psychedelics, much of the news, controversy, and general story around them, took place during the Vietnam war, and served as a good distraction from the horrible ridiculousness of that mess and the unnecessary violence and deaths that came from it. Think about what actually came out of that war. The nothingness that was accomplished in the face of the massive death toll that was taken. How easy is it to get your population to go along with such antics? And would focusing on the truth of it have made it a harder sell?

In 1970, the US congress passed the Comprehensive Drug Abuse Prevention and Control Act which enforced stricter measures for pharmaceutical companies, requiring stringent reporting, and better security of drug stocks. These aren’t bad things, of course, but they led to the current model of drug scheduling, which has, essentially and with much bias, ruled many drugs out.

The Single Convention on Narcotic Substances is a treaty that was formed out of international discussions concerning drug controls in 1970. This was followed up with the Convention on Psychotropic Substances in 1971, a similar treaty which also orders drugs into classes based on their potential level of harm and usefulness. In both treaties, schedule I is associated with the most dangerous drugs with no medical benefit, but a high addiction possibility, and schedule IV denotes safer drugs with medical purpose. Psychedelics took the schedule I spot in 1970, ruling out their use as medicines.

Putting psychedelics in this scheduling category seems to have been the result of industry issues, much like with cannabis. During the discussions for the treaties, bigger and more developed countries with bigger and more developed pharmaceutical industries, pushed for the illegalization of these natural compounds, whereas countries with less development, and which didn’t have competing industries, were not for their illegalization. As with cannabis, the bigger, stronger countries won out, and forced these decisions on everyone else.

In fact, in 1994, John Ehrlichman, the Assistant to the President for Domestic Affairs under Nixon, made this statement about the war on drugs that was fought under Nixon, highlighting an alternate reason for pushing anti-drug measures at that time:

“The Nixon campaign in 1968, and the Nixon White House after that, had two enemies: the antiwar left and black people. You understand what I’m saying? We knew we couldn’t make it illegal to be either against the war or black, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities. We could arrest their leaders, raid their homes, break up their meetings, and vilify them night after night on the evening news. Did we know we were lying about the drugs? Of course we did.”

And then it got worse. In 1984, President Ronald Reagan’s administration put out the Comprehensive Crime Control Act, which allowed for emergency banning of drugs by the government. This was put into effect the following year when the subject of MDMA came up, and was used to immediately illegalize it. And this despite a judge’s decision to schedule it as Schedule III, and allow it for medical use. This action entirely stymied any research progress into the drugs, and slowed the rise of medical psychedelics to a halt.

magic mushrooms

Psychedelics in history

As with anything else, putting together the history of psychedelic use in antiquity, is dependent on ancient texts, findings, and rituals. While there is a current rise in the use of medical psychedelics, this does not imply that they were used for the same exact purpose back then, as they are today.

One of the interesting finds related to psychedelics, is the discovery of a pouch in southwestern Bolivia, dated to a thousand years ago. The pouch contains traces of several psychedelic compounds including harmine and DMT (dimethyltryptamine) which denote the use of ayahuasca, bufotenine (from toad skin), and psilocin – another psychedelic constituent of magic mushrooms. The pouch also contained traces of cocaine and its metabolite benzoylecgonine, which would have likely come from coca leaves.

The discovery came from the Sora River Valley. The pouch – made of three fox snouts – was part of the contents of a leather bag, which mass spectrometry carbon dating has put between the years of 900-1100 CE. It is thought that because of the dating period, that the pouch likely belonged to a member of the Tiwanaku, which pre-dated the Incas. The use of ayahuasca denotes the earliest evidence of it that has been physically found.

The reason this part is interesting is because the two compounds that were found that ayahuasca is made from, come from two separate plants that work in combination to produce the effects. This means that the ancient population this comes from, was putting two plants together to gain a psychoactive effect that wouldn’t be felt if they were used on their own. Another interesting aspect of the find is that the plants used to make ayahuasca were not from that area, so whoever procured them, had to go out and find them somewhere else.

Other findings

According to this study, Mayan culture is associated with the drinking of balché, a drink consisting of Lonchocarpus bark extracts that create a mildly intoxicating effect, which is strengthened through the use of honey. This was used in group ceremonies to reach intoxication. Peyote for mescaline, hallucinogenic mushrooms for psylocibin, and ololiuhqui seeds for lysergic acid amide (a precursor to LSD), were used by the Mayans, Aztecs, Olmecs, and Zapotecs.

During the period when the Olmecs were around, it was also customary to use bufotoxins which come from the skin of the Bufo spp. toad. At the same time, wild tobacco, Jimson weed, Salvia divinorum, and water lily were used for psychoactive effects. And while the exact use is arguable, mushroom stones dating back to 3,000 BC have been found in the Mesoamerican region in religious/ritual contexts which could indicate the use of mushrooms that far back. Archeological evidence of the use of peyote goes back as far as 5,000 years.

Mesoamerica isn’t the only location where psychedelic remains have been found. Researchers into psychedelic use in the near-East have turned up botanical remains in the form of residues, pollen, fibers and fiber impressions, and carbonized seeds. Where were they found? Traces of Blue Water Lily extract, a potent narcotic plant, were found in none other than Tutonkamen’s tomb from the 14th century BC. And in the late bronze age temple Kamid el-Loz in Lebanon, a storage jar containing 10 liters of Viper’s Bugloss was found, which is a very strong hallucinogen.

Things to consider…

One thing to take into account, is that there is a great amount of controversy over whether something like the use of ayahuasca can actually be traced back through history, with a lot of evidence pointing to confusing stories that come more from Western tourism, than actual history. Researchers into the topic have continually found a mesh of newer ideologies masquerading as old-school folklore as a means to sell a product. In fact, the whole idea of how ayahuasca is used today to treat mental illness, is not how it seems to have been used in history, when shamans took it to contact the supernatural, and battle evil beings.

psychedelic toad

Does this mean that psychedelics weren’t used in history? Of course not, but it does shed light on the idea that what we consider real history, might have been altered because of tourism. It should also be remembered that there are a lot of kinds of psychedelics that would have factored into different cultures and time periods. For example, the aforementioned study into hallucinogenic drug use in pre-Colombian Mesoamerica, which has findings based on archeological, ethno-historical, and ethnographic evidence, found plenty of indication of hallucinogenic drug use in that area, for that time period.

Rise of medical psychedelics

There is quite a bit of medical research into psychedelics, as well as historical evidence to its uses, going back thousands of years. According to the more recent medical research, psychedelics have shown a possible ability to aid in depression, PTSD, and with addictions. It should be remembered that cannabis itself is considered a psychedelic drug, with research into a multitude of categories including: insomnia, depression, neurodegenerative diseases, spastic disorders, inflammatory diseases and so on.

Psychedelics have not just been touted as a treatment for different mental illness. They have shown strength in dealing with neurodegenerative diseases like Alzheimer’s, and have even shown possibility in treating autoimmune disorders. If these benefits prove consistent over time, it will likely help boost the current rise in medical psychedelics.

However, despite all the relevant research into the useful benefits of these compounds, the DEA has continuously rejected information, and stood in the way of scientific progress. Kind of makes a person wonder what the agency is even there for. The report highlighted found that the DEA has continuously slowed down scheduling decisions, while increasing speed on banning drugs, in order to restrict all access.

It took an entire 30 years in all to respond to requests to reschedule marijuana, with gaps of 16 years, five, and nine in between requests and responses. The DEA even overruled its own judge to illegalize MDMA by putting it in schedule I. This, of course, has never gotten in the way of military testing of these compounds, which seems to be perfectly okay with the same agency.

Conclusion

With cannabis opening the door into the medical (and recreational) use of drugs like marijuana, the rise in medical psychedelics is sure to keep going. Just like with cannabis, it will likely be found over time, that the notions we have related to these drugs are way more attached to long-lasting smear campaigns, than the actual dangers they pose. And that just like cannabis, they can offer incredible medical benefits that have been suppressed for quite some time now.

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The CBD Flowers Weekly newsletter (your top resource for all things smokable hemp flowers). How to choose Delta-8 THC flowersDelta-8 THC Flowers: Everything You Need To Know.
The Medical Cannabis Weekly newsletter (International medical cannabis business report)
Nature’s Magic – The Health Benefits of Psilocybin Mushrooms

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