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Cato Daily Podcast

California May Join States Legalizing Psychedelics

Sep 27, 2023
The California Governor Gavin Newsom is considering legalizing small amounts of psychedelic drugs. Cato's Jeff Singer discusses the exclusion of physicians, the slow federal response, and Oregon's cautious approach. They explore the risks, controversy, and potential of psychedelic-assisted therapy, including ongoing research and promising clinical trials. They also discuss the positive impact of psychedelics on patients and the barriers they face in FDA approval and pharmaceutical industry support.
11:00

Episode guests

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Quick takeaways

  • California is considering decriminalizing small amounts of psychedelic drugs, potentially opening up new treatment options for mental health disorders.
  • The pharmaceutical industry may have concerns about the use of psychedelics as an alternative to ongoing medication due to the inability to patent many psychedelics.

Deep dives

California's potential legalization of psychedelic drugs

California is considering decriminalizing the possession of certain small amounts of psychedelic drugs. The state legislature passed a bill that would decriminalize psilocybin and psilocybin, mescaline, and DMT. However, they have not addressed the issue of allowing psychedelic-assisted therapy or licensing facilitators. The governor has yet to decide whether to sign the bill.

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