Weekly Psychedelic News – Week 13, 2023

Stay up-to-date with the latest in the world of psychedelics with our weekly news roundup for week 10 of 2023. Read about the latest research, policy updates, and industry developments in the rapidly growing field of psychedelic science.

Missouri House Backs Bill Requiring State Research on Psychedelics to Treat Depression, PTSD

In hopes of helping veterans and other Missourians facing mental health issues, the Missouri House advanced a bill Wednesday that would require the state to conduct a study on using psilocybin, also known as “magic mushrooms,” to treat depression, substance use or as part end-of-life care.

“Substance abuse and suicide are escalating in the veterans community,” Rep. Aaron McCullen said, quoting a letter from the Grunt Style Foundation that serves veterans. “While psilocybin is not a panacea for every issue, it represents a first true scientifically-validated hope that we have to address this crisis.”

Field Trip Announced Layoffs, Clinic Closures & Creditor Protection

Field Trip Health & Wellness Ltd. has announced closure of 5 of their 14 clinics in order to reduce expenditures and preserve capital. They will be closing clinics located in Chicago, Washington DC, Seattle, San Diego and Fredericton as of April 15, 2023.

Under the country’s Companies’ Creditors Arrangement Act (CCAA) a Canadian court granted the company protection from creditors which allows them to remain in operation.

They also announced a “companywide” reduction impacting an unspecified number of corporate and clinical staff, and chairman and chief executive Ronan Levy stepped down.

Psychedelic Market Update – March 27th – 31st

TickerCurrent PriceWeek To DateYear to Date
$ATAI1.8144.80%-31.95%
$MYCO0.613.21%33.33%
$MMED4.329%44.97%
$MNMD3.178.93%44.09%
$AGN0.275-13.52%-48.60%
$MSET0.22-18.52%-31.25%
$MDMA0.21-22.22%740.00%
$AWKN0.27-25.00%-10%
$CMND1.15-53.80%-63.61%
Total
0
Shares
Prev
What is MDMA Therapy: Applications, Procedure, Studies
MDMA tablets

What is MDMA Therapy: Applications, Procedure, Studies

By incorporating MDMA into psychotherapy sessions, patients may experience a

Next
Can Psychedelics Cause Seizures

Can Psychedelics Cause Seizures

Exploring the Risk Factors

You May Also Like

Join Psilolab Newsletter!

Welcome to the Psilolab newsletter, where we delve into the fascinating world of psychedelics and their impact on mental health. In this space, we explore the latest research and breakthroughs in the field of psychedelics and how they are being used to treat various mental health conditions such as depression, anxiety, PTSD, and addiction.

Join us on this journey as we explore the mind, reality, and the transformative power of psychedelics.