November 2020 - PsychedelicNewsWire (PNW)

MondayNov 30, 2020 1:20 pm

Emerging Functional Mushroom Market Ripe with Potential for Rritual Superfoods’ New Product Line

Rritual Superfoods, Inc. is positioning itself to supply the emerging demand for high-potential mushrooms dietary elixirs as wellness products that combat stress, enhance immunity against disease and increase mental clarity Market analysts predict the overall functional foods industry will reach revenues of $268 billion by 2027, and that the functional mushroom segment will grow at a CAGR of 8.04 percent by 2024 as part of the trend Rritual was recently certified by the USDA as an organic product, providing third-party validation Rritual’s quality protocols Rritual’s initial product launch includes elixirs containing mushroom and adaptogenic herb blends such as Chaga-Eleuthero, Lion’s…

MondayNov 30, 2020 12:00 pm

Speakers at Harvard Law School Webinar Voice Support for Psychedelics Decriminalization

In a webinar hosted by the Petrie-Flom Center for Health Law Policy of the Harvard Law School, speakers championed for psychedelics decriminalization. The webinar, which gathered more than 200 individuals, had panelists who discussed the benefits of the decriminalization of psychedelics while debating on the history and safety of the substances and how they affected people of color. The webinar’s moderator, Mason Marks, is a law professor at Gonzaga University. The speakers featured on the webinar included Patricia J. Zettler, associate professor at the Ohio State Moritz College of Law; Ifetayo Harvey, founder of the People of Color Psychedelic Collective;…

WednesdayNov 25, 2020 12:30 pm

Rritual Superfoods’ Extensive Distribution Network Set to Take Functional Mushrooms Mainstream

Functional Mushrooms Market Set for CAGR of 5.6% Expected to Reach $24.85 billion by 2026 Rritual Superfoods Has Launched Three Mushroom-based Products Products Boost Immune System, Brain Power and Relieve Stress Company’s Extensive Distribution Network Set to Accelerate Sales Consumers today shop for food with a number of considerations in mind, including food safety and the health benefits of their selected grocery items. This has resulted in increased demand for functional foods, with one sector — functional mushrooms — projected to increase at a CAGR of 5.6% during 2021–2026. This would put the market for functional mushrooms at $24.85 billion…

WednesdayNov 25, 2020 11:15 am

Canadian Government Gives Formal Response to Petition to Decriminalize Psychedelics

Officials of the federal government of Canada have given an official response to a petition that called for psychedelic decriminalization in the country. The statement highlighted that there were various ways for some individuals to obtain exemptions to consume the substances legally, despite the drugs being illegal for the Canadian majority. Government ministers stated that the psychedelic substances had to be studied more before any reforms were made. The petition, which garnered almost 15,000 signatures, was launched on the House of Commons’ site earlier this summer. The appeal requested legislators to decriminalize entheogenic fungi and plants to be used in…

TuesdayNov 24, 2020 3:00 pm

Want to Invest in the Psychedelics Market? Here’s a Few Important Aspects to Consider

A few weeks ago, Psychedelic Capital held an event online that discussed various ways to carry out one’s due diligence with regard to investing in psychedelics. The discussion was hosted by Richard Skaife, a partner in the investment group Conscious Fund. The experts on the panel included Zuber Lawler, partner; Jayashree Mitra, BDO Capital Advisors director of acquisitions and mergers; Michael Astone; and Ambria Capital director, Cody Shandraw. We have seen the psychedelics market grow as more and more research comes to light regarding the various benefits these substances have, with the potential for many more discoveries. This particular sector…

MondayNov 23, 2020 2:30 pm

Psilocybin Decriminalization Bill Passed in New Jersey

A New Jersey lawmakers’ committee recently voted to progress a measure that would decriminalize cannabis possession and decrease the punishments for possessing psilocybin mushrooms in small amounts. This action, undertaken by the state’s Appropriations and Senate Budget Committee, took place days after voters from New Jersey approved a constitutional amendment that would create a regulated recreational cannabis market in the state while also legalizing marijuana for adults. This action, S. 2535, which had been launched in June, would eliminate criminal punishment for the possession of as much as six cannabis ounces. Chris Goldstein, the South Jersey spokesman for the National…

FridayNov 20, 2020 2:30 pm

What’s the Position of the FDA on Psychedelics?

Lots of investors are picking interest in the psychedelics space, and one of the biggest questions on their mind has to do with the stance of the U.S. Food and Drug Administration (“FDA”) since this organization is the gatekeeper (so to speak) of any therapeutic product intended for human use. As you may already know, the FDA carefully reviews the data presented after studies are conducted. The purpose of this review is to establish whether the therapeutic compound or treatment modality is suitable for the condition targeted. Since the FDA is a federal government agency, it is obliged to bear…

ThursdayNov 19, 2020 3:15 pm

Legislator Calls for Psychedelic Decriminalization in California

Senator Scott Wiener of California plans to introduce a bill to decriminalize the possession of psilocybin (magic) mushrooms and other psychedelic substances. This, he says, is part of an agenda to decrease the failed war on drugs. He will introduce the bill in the legislature in 2021. Assembly members Sydney Kamlager and Evan Low worked on the bill with the senator. Wiener, who doesn’t indulge in psychedelics, stated in a recent interview that, while every substance has the potential to be harmful, psychedelic substances can and have been used safely. He added that psychedelics had significant medicinal uses. Psilocybin mushrooms…

ThursdayNov 19, 2020 2:32 pm

Pure Extracts Technologies Corp. (CSE: PULL) Begins Trading, Extraction Tolling Business Ramping Up

Pure Extracts Technologies trading on CSE under symbol PULL Company runs first oil extraction, distillation under new licenses PULL products highly desired by provincial dispensaries as consumers gravitate to FSO An emerging leader in extraction, Pure Extracts Technologies (CSE: PULL) began trading on the Canadian Securities Exchange (“CSE”) earlier this month under the symbol ‘PULL’. The plant-based extraction Company focuses on cannabis, hemp, and functional mushroom sectors and uses its proprietary CO2 extraction methodology to obtain full-spectrum oil (“FSO”) from cannabis and hemp biomass. “We are pleased to have listed on the Canadian Securities Exchange as a significant first step…

WednesdayNov 18, 2020 1:30 pm

Psychedelic Feminism on the Rise Globally

Cosmic Sister is an environmental collective made up of a growing number of talented women who are broadening the understanding of psychedelics as we know them. The group is doing this by developing and safeguarding valuable spiritual traditions, making art masterpieces, leading scientific research, composing books, publishing articles and presenting at psychedelic events. This feminist collective underpins emerging voices and female idea pioneers in the psychedelic field. The founder, Zoe Helene, invented the term “psychedelic feminism.” By pitching, supporting and promoting female speakers during more than half a decade, members of Cosmic Sister are helping shape the trajectory of global…

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Month: November 2020