“This was an industry fighting for its survival, and it really came together. This is a profound thing.”
By Jake Thomas, Oregon Capital Chronicle
State regulators have backed off pursuing sizable fee increases on Oregon’s magic mushroom businesses after dire warnings from the legal psilocybin industry that it would buckle under the added costs.
The Oregon Health Authority announced Tuesday that it would not adopt proposed rules that would have doubled the annual licensing fees for businesses across the psilocybin supply chain while eliminating discounts for veterans and low-income people.
Regulators justified the fee increases as necessary to cover the cost of managing the first-of-its-kind program where adults age 21 and older take the psychedelic drug under the watch of a trained facilitator. But the hikes drew backlash from an industry already struggling under regulatory burdens even as research points to psilocybin’s potential as a life-changing mental health treatment.
“This was an industry fighting for its survival, and it really came together,” said Andreas Met, the co-founder of Satya Therapeutics, an Ashland-based service center where adults take legal trips. “This is a profound thing.”
While the industry celebrates the defeat of the fee hikes, questions remain about the financial stability of a
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