Oregon Initiative Would Legalize ‘Magic Mushrooms’ for Medical Use

Oregon Initiative Would Legalize ‘Magic Mushrooms’ for Medical Use

Oregon Initiative Would Legalize ‘Magic Mushrooms’ for Medical Use

  • North American Marijuana Sales to Top $10-B This Year
  • A proposed Oregon initiative would legalize Psilocybin, aka Magic Mushrooms, for medicinal use
  • Michigan regulators release emergency medical marijuana rules
  • Wisconsin takes another step toward drug testing welfare and job training participants

Medical Marijuana

Michigan Releases Medical Marijuana Business Rules. The state Department of Licensing and Regulatory Affairs has released emergency rules governing medical marijuana facilities with just two weeks to go before the Bureau of Medical Marijuana Regulation begins taking applications. “The emergency administrative rules are designed to preserve patient protections and provide them with access to safe medical marijuana,” said Bureau of Medical Marijuana Regulation Director Andrew Brisbo. “These rules also allow growers, processors, secure transporters, provisioning centers, and safety compliance facilities to operate under clear requirements.”

Psychedelics

Oregon 2020 Initiative Would Legalize Psilocybin Mushrooms. A husband and wife team calling themselves the Oregon Psilocybin Society are working on putting a psilocybin legalization initiative on the state’s 2020 ballot. The measure does not call for legal recreational use, but would create a highly regulated system to allow use for medical purposes. Next door in California, a similar initiative aimed at 2018 would legalize Magic Mushrooms.

Drug Testing

Wisconsin Governor Approves Plan to Drug Test Welfare, Job Training Participants. Gov. Scott Walker (R) has approved a plan to implement drug screening for able-bodied adults participating in the FoodShare Employment and Training (FSET) program, sending the rule change measure to the State Legislature for review. The rule is part of the policy amendments included in 2015 Wisconsin Act 55. The legislature now has 120 days to review the measure. Once approved by the legislature, it will become effective the first day of the following month.

International

Leading Mexican Presidential Candidate Suggests Amnesty for Drug Cartel Kingpins. Leading presidential contender Andres Manuel Lopez Obrador has caused controversy by suggesting that he is open to amnesty for drug cartel leaders as part of a dialog aimed at ending that violence that has seen an estimated 200,000 people killed in the last decade. “If it is necessary… we will talk about granting amnesty so long as the victims and their families are willing,” he said. “We’ll propose it. I’m analyzing it. What I can say is that we will leave no issue without discussion if it has to do with peace and tranquility.” Lopez Obrador currently has a more than 10-point lead in presidential polls, and his foes in the political and business classes are trying to use the remarks against him.

North American Marijuana Sales to Top $10-B This Year

A new report from the Arcview Market Research group says North American marijuana sales are growing faster than expected and should hit the $10 billion mark this year. And next year could see even faster growth with both California and Canada set to become legal marketplaces next year.

We now expect the legal marijuana market to hit $24.5-B by Y 2021

By Phillip Smith

Paul Ebeling, Editor

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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