Welcome to the Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelics Industry News Stories for the Week of October 19th – 25th, 2020.
Without further ado, let’s get started.
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The Presidency Isn’t the Only Issue at Stake on America’s 2020 Ballot
This November, five states will have their voices heard on medical and adult-use Cannabis Legalization programs: Arizona, Mississippi, Montana, New Jersey and South Dakota. A sixth state, Oregon, will look to pass a first-of-its-kind bill to legalize the therapeutic use of Psilocybin, aka Magic Mushrooms.
Researchers Theorized That it’s This Higher Form of Consciousness That Really Produces the “Aha” Moment—and Now They Say There is Scientific Evidence to Support That Hypothesis
Scientists in the study used brain imaging technology to measure the tiny magnetic fields produced in the brain and found that, across all three psychedelic drugs—Psilocybin, Ketamine and LSD—this measure of conscious level (the neural signal diversity) was reliably higher.
The NFL Players Association Has Updated its Policy to Discourage Athletes From Endorsing Products That Contain CBD or Other Cannabinoids
The NFLPA wrote in an email that its Commercial Substances Policies and Endorsements section has been updated to read: “NFL players, coaches, and other employees must not endorse or appear in advertisements for alcoholic beverages, tobacco, or cannabinoid products.”
The Canadian Federal Government Says Since August it Has Granted 11 Exemptions for Patients to Use Psilocybin and Expects to Make a Decision Soon on Therapist Use
Researchers say the government’s recent decision to allow terminally ill Canadians to use Psilocybin is an example of the Psychedelic sphere opening up on its way to becoming mainstream. Numinus Wellness (TSXV: NUMI) (OTC: LKYSD) (FRA: LR23) recently announced it completed the first legal harvest of Magic Mushrooms by a public company. Earlier this year, Field Trip Health (CSE: FTRP) (OTC: FTRPF) opened the first psychedelic-enhanced psychotherapy centre in Canada, using Ketamine, to treat depression and PTSD. In addition, Toronto-based MindMed (NEO: MMED) (OTCQB: MMEDF) (FRA: BGHM) is studying the use of LSD to treat anxiety and as well as the effectiveness of LSD microdoses in treating ADHD.
Psychologist Timothy Leary, Who Died in 1996, Was the Father of the Psychedelic Movement of the 1960s and its Experiments With Mind-Altering Drugs
In 1960, Leary joined the faculty of Harvard at the Center for Personality Research, where he analyzed the effects of Psychedelics and personality. As part of his research, he introduced LSD and other Psychedelic drugs to many and also used them himself.
DEA Released an Interim Final Rule (IFR) for the Crop in August, and it Said the Regulations Were Simply Meant to Comply with the 2018 Farm Bill That Legalized Hemp and its Derivatives
But stakeholders and advocates have expressed serious concerns about certain proposals, arguing that they could put processors at risk of violating federal law and hamper the industry’s growth. Reps. David Joyce (R-OH) and Denver Riggleman (R-VA) led the letter and pointed specifically to a provision of DEA’s IFR that could impact processing Hemp extracts.
Having a More Reliable Remission for These Conditions Resulting From a Psychedelic Experience Has Become the New Calling Card of Psychedelics as a True Mental Health Breakthrough
One of the more profound discoveries being discussed in the Psychedelics industry is how Psilocybin is being used to create a lasting duration of positive effects in various clinical trials regarding tobacco and alcohol addiction, plus other certain mental health conditions.
During a Virtual Event Last Week to Promote His New Book, the Governor Was Asked When New York Will Legalize Cannabis for Adult-Use
New York Gov. Andrew Cuomo (D) recently said that legalizing Marijuana represents a key way the state can recover economically from the coronavirus pandemic. “Soon, because now we need the money,” he said. “I’ve tried to get it done the last couple years.”
Anyone Within Shouting Distance of Psychedelic Culture Knows That There Are Big Things Happening These Days in Mental Health and Addiction Therapies Using Psychedelic Medicines
After 40 plus years of federal and state clampdown on any ingestible once perceived as having no merit beyond social upheaval and a threshold into irreversible madness, Psychedelics are back, baby.
In October, Sentiment Improved and Cannabis Stocks Rallied on Four Words Uttered By Democratic Candidate Sen. Kamala Harris in the Vice-Presidential Debate
The entire Cannabis sector rallied in response to the vice-presidential debate on Oct. 7 after Sen. Harris stated, “We will decriminalize Marijuana, and we will expunge the records of those who have been convicted of marijuana.” U.S. Multi-State Operators (MSOs) rallied an average of 14%, while Canadian Licensed Producers (LPs) rallied an average of 9%, erasing nearly half the quarter’s previous loss. Many of the Canadian Cannabis Stocks outpaced the U.S. Pot Stocks.