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Psilocybin

Psyched: Third Michigan City Decriminalizes Psychedelics, MindMed Reports $133M Cash Position, Real Brands To Enter The Space

The psychedelics legislative landscape continues to move forward with Hazel Park, Michigan enacting decriminalization measures for naturally-produced…

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The psychedelics legislative landscape continues to move forward with Hazel Park, Michigan enacting decriminalization measures for naturally-produced psychedelic molecules, becoming the third city in the state to do so after Ann Arbor and Detroit.

In Utah, Governor Cox signed a psychedelics research bill into law and positive legislation around psilocybin is continuing to advance in Hawaii.

The for-profit psychedelics sector also pushes forward. MindMed (NASDAQ: MNMD) reported its yearly financials with a cash balance north of $130 million. 

Meanwhile, cannabis company Real Brands (OTCQB: RLBD) announced its intention to enter the psychedelics space.

Five Companies Developing Second Generation Psychedelics For Mental Health

Along with the psychedelic renaissance came a new type of drug: second-generation psychedelics. Developed from classic psychedelics molecules, these upgraded compounds could offer improved therapeutic profiles with reduced side effects. For some companies in the psychedelics space, second-generation psychedelics could be the key to success in an increasingly competitive market. Check out the 5 companies…

Hawaii Senator Committee Approve And Amend Two Measures To Form Psilocybin Working Group, Move Research Forward

In Hawaii, a senator committee approved two identical measures to form a psilocybin working group. The goal of the group would be to explore the therapeutic potential of the psychedelic, but the resolutions were amended and patient access will be contingent on federal approval of psilocybin. Read the full story…

MindMed Reports Full Year 2021 Financial Results, Announces Changes In Leadership

Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), (NEO: MMED) reported its financial results for the full year ended December 31, 2021. Read the full story…

UK: COMPASS Pathways Forms Partnership To Launch Center For Mental Health Research And Innovation

COMPASS ...

Full story available on Benzinga.com

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