CAN2411. Overview of State Legal Psychedelic Programs
The talk will review the laws in Oregon and Colorado regarding their state-regulated psilocybin programs, including an overview of the status of each program, important regulations impacting business decisions, and any financial data available on the size and health of the sector. The talk will also cover possible new states where these programs will be replicated, including California, Massachusetts, and others. Finally, the panel will discuss ancillary psychedelic businesses, such as the unregulated world of decriminalized psychedelics including trip sitting, guiding, spiritual work, and coaching work. The talk will also cover related topics including civil liability risks, risks for licensed professionals working in this area, and tax implications of these emerging industries.
Learning Objectives:
- Recognize the current legal status generally of psychedelics in the US.
- Recall the regulated programs in Oregon and Colorado.
- Recognize the landscape of decriminalized psychedelics.
- Estimate opportunities for ancillary businesses in the space, and some of the tax implications of the reforms underway.