Party Drugs as Medicine?
Party drugs as medicine?
That’s what researchers out of King’s College in London and Johns Hopkins in Baltimore, Maryland, are hoping to determine.
Thanks to years of reputable cannabis research we now are learning other illicit substances could also have medical uses.
At the forefront of this research is the psychoactive chemical found in “magic mushrooms” called psilocybin. Bloomberg reports that psilocybin research indicates the potential for treating a number of ailments including addiction, Alzheimer’s disease, anorexia, obsessive-compulsive disorder and migraines.
But this isn’t the first time magic mushrooms have made headlines.
Back in May of this year voters in Denver decided to decriminalize psychedelic mushrooms.
It was a tight vote: The Denver Post reported 89,320 votes in favor of and 87,341 against Initiative 301.
Keep in mind this doesn’t mean magic mushrooms are now legal in the Mile High City.
But this ordinance would keep Denver police from spending resources on enforcing laws surrounding psilocybin mushrooms, making them the department’s lowest priority — the mushrooms will still be illegal to buy, sell or possess.
To us, it’s an interesting outcome for a few reasons.
First, what we’re seeing is a direct offshoot of the marijuana movement. Colorado led the nationwide charge to legalization way back in 2012 when voters passed Amendment 64, legalizing recreational weed statewide.
The fact that folks in the state with the longest track record of legal weed are moving even further away from regulation (especially with something as controversial as psychedelic mushrooms) is a pretty major testimonial from Denverites that cannabis legalization has been a huge success.
Frankly, I’m not sure how this will play out — cannabis and magic mushrooms are very different animals.
But it says a lot about how public sentiment is shifting.
Likewise, there are interesting implications down the road for medical research.
Recent research has shown that the psilocybin found in magic mushrooms may actually have some therapeutic effects for folks suffering from post-traumatic stress disorder, for instance.
The idea of using psilocybin as medicine seems particularly popular with the white-collar crowds.
The New York Times reported in fall:
“Microdosing, or the use of psychedelics in small, managed doses, has become a popular way to try to increase productivity and creative thinking, particularly among the technorati in Silicon Valley. It’s even a plot point in the CBS show The Good Fight.”
But as those legal statuses change, the small biotech companies conducting early-stage research could find themselves with blockbuster drugs in their pipelines.
We’ve added plenty of great cannabis-related pharmaceutical names to our watchlist over the years — we’ll be keeping a close eye out for more opportunities in this space.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily