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home / news releases / POTX - Efforts to decriminalize psychedelics growing in cities across the U.S. - Marijuana Moment


POTX - Efforts to decriminalize psychedelics growing in cities across the U.S. - Marijuana Moment

An increasing number of cities are considering reforming laws that would effectively decriminalize the use of psychedelic drugs for recreational use, Marijuana Moment reports. The latest cities to consider such measures include Easthampton, Mass.; Grand Rapids, Mich.; and Arcata, Calif. Reform efforts would impact substances such as psilocybin, the active ingredient found in "magic mushrooms," and ayahuasca, a psychoactive brew made from the leaves of a shrub. Easthampton is considering passing a measure to decriminalize a range of entheogenic substances. If it does so, it would be the fourth city in Massachusetts to do so. In Grand Rapids, a psychedelics decriminalization resolution could come up for a vote by the end of the year. The Arcata City Council Public Safety Committee recently advanced a psychedelics reform resolution. Separately, interest in companies that are working on psychedelics as therapies is growing as research is mounting on the substances' medicinal benefits. These

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Efforts to decriminalize psychedelics growing in cities across the U.S. - Marijuana Moment
Stock Information

Company Name: Global X Cannabis ETF
Stock Symbol: POTX
Market: NASDAQ

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