Last Call: Legislative Deadlines vs. Late Policy Pushes

Sacramento survived another round of suspense hearings late last week, with several bills held by the Assembly and Senate Appropriations Committees as legislators and stakeholders prepare for the last two weeks of the legislative session. With significant cannabis policy pushed through in the budget process (e.g. consolidation of regulatory agencies, trade samples, CEQA streamlining), few […]

California Flush With Cash But Bill Limits May Dampen Progress

May brought a rush of activity for cannabis policy in Sacramento. The Administration published its May revision of the Governor’s Proposed Budget, the state Cannabis Advisory Committee met several times, and the Appropriations Committees in both houses of the Legislature held their notorious suspense hearings, during which several bills were killed or forced to be […]

Legislative Update: Wins and Losses as First House Deadline Approaches

The end of April marks the deadline for policy committees to hear all legislation identified as having a fiscal impact on the state (which includes most bills). If bills are not heard by then, they are automatically turned into two-year bills and are stuck in their existing location until next year. With the Legislature forced […]

How Can I Invest in a Mushroom Company?

Written by: Hugh Mayo, J.D. Candidate 2021 In 2018, the FDA made waves when, for the first time, they issued a “Breakthrough Therapy” designation to fast track the development of a psilocybin-based therapy for treatment-resistant depression.1 Psilocybin and psilocin—the principle psychedelic compounds found in mushrooms—are both Schedule I compounds under the Controlled Substances Act making them federally […]

The Decriminalization of Magic Mushrooms

Written by Kristen Abajian Welcome to a murky new movement to bring psychedelics out of the shadows and into a medical and research forefront. This movement aims to decriminalize psilocybin, otherwise known as the “magic” in magic mushrooms. What is psilocybin?  Psilocybin is the main ingredient found in several species of psychoactive mushrooms. The most […]