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home / news releases / alberta becomes the first province to regulate psych


NUMI:CC - Alberta Becomes the First Province to Regulate Psychoactives for Therapeutic Purposes

The modern psychoactive renaissance is continuing to gain momentum, with Alberta becoming the latest region to propose regulatory changes regarding the substances.

On October 5, Government officials declared that Alberta will be the first province in Canada to regulate psychoactives for the treatment of psychiatric disorders.

Although doctors and researchers are allowed to apply to Health Canada for permission to use psychoactives in clinical research or grant patients special access for therapeutic use, they are still illegal in Canada.

According to Alberta’s new laws, medical professionals must submit an application to the province for a license before administering psychoactive s to patients with mental illnesses.

Alberta’s new laws governing the therapeutic use of psychoactives are expected to take effect on January 16, 2023.

At a time when the mental health crisis is getting worse and more people are turning to alternative treatment providers for assistance, these regulatory changes are timely. According to John Hopkins Medicine, over 6.7 million people in Canada experience mental illnesses, compared to 26% of Americans age 18 and older who experience a diagnosable mental disorder each year.

Psilocybin has recently attracted renewed interest as a potential treatment for conditions like anxiety, addiction, and depression. And these recent changes to the law demonstrate the legitimacy of psychoactive-assisted therapy within the health care system.

Companies in the market stand to gain as psychoactives become more accepted, especially those that provide high-quality goods and integrated mental health care treatment options at clinics.

The devel...

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Stock Information

Company Name: Numinus Wellness Inc.
Stock Symbol: NUMI:CC
Market: TSXC
Website: numinus.ca

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