psilocybin industry

If you’ve watched the news in the past several months, you’ve no doubt heard about the legalization and/or decriminalization of psilocybin, often known as “magic mushrooms. Mushrooms are becoming the subject of many mainstream conversations, with more and more regular people — hoi polloi — using psilocybin. 

 

Why psilocybin?

There are over 180 species of mushrooms that contain psilocybin. They’ve been used in native and religious rituals for over 10,000 years. They can cause hallucinations, euphoria and other trippy symptoms. And, when microdosed, psilocybin is helping veterans and others suffering from PTSD and depression. With the COVID-19 pandemic, many people turned to magic mushrooms to help with the stress and anxiety of quarantine. 

 

With the growth and, eventual, acceptance of the hemp and cannabis industries, comes the psilocybin industry. As it remains underground for the most part, there is an emerging psilocybin industry driven by women, especially on the West coast and in Colorado. 

 

In November 2020, the state of Oregon decriminalized and legalized psilocybin for medicinal use. The cities of Denver, Colorado, Oakland, California, Santa Cruz, California, and Ann Arbor, Michigan, Washington, D.C., Somerville NJ, and Cambridge MA have decriminalized psilocybin. 

 

We’ve all been a part of the growing hemp and cannabis industries, and at Hoi Polloi, we want to create the psilocybin industry and serve start-ups who are like minded.