Opinion: Canada’s growing psychedelics industry has reason to pay attention to B.C. decriminalization decision

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Canada’s growing psychedelics industry has reason to pay attention to B.C. decriminalization decision

Leila Rafi and Sasa Jarvis are partners at McMillan LLP, working in the Capital Markets and M&A Group. They work with clients, including investors, companies and private equity funds, in the psychedelics sector.

In recent years, individuals and organizations have been applying to the minister of health to exempt the use of psychedelics for applicants under section 56 of the CDSA, which gives the minister broad authority if “the exemption is necessary for a medical or scientific purpose, or is otherwise in the public interest.” In 2020, four terminally ill individuals were successful in obtaining the first known exemptions to access psilocybin to treat end-of-life distress.

The notion that psychedelics can be an important tool in medical and psychiatric treatments is not novel. Naturally occurring psychedelics have been employed for centuries as part of traditional ceremonies. And in the mid-20th century, research showed initial potential for their use in treating Governments, too, have demonstrated greater openness to allowing the use of psychedelics in therapeutic contexts. Since the initial individual exemptions in 2020, the federal minister of health has granted at least 79 to individuals – and more still to institutions, companies and health care practitioners for research and training purposes.

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Please don't push these onto patients as some sort of 'therapy.'

This passing of hard drugs is ridiculous. There are already so called safe places for people to do drugs. Drug addicts need help with their addiction not help to continue using .

Decriminalized fentanyl/meth will poison Cda like in Dem/Lib States😭 N America Ruling class, stands for: Forced experiments/masks Lockups Abortion [up 2 delivery in Cda] PubrtyBlockrs/permnent kid surg Assisted suicide [depression incl] Censorship War =the LiberalWorldOrder🤮

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