Bipartisan Bill Proposes $75M Fund for Psychedelics Research for Military Personnel

Psychedelics are currently experiencing a renaissance that could leave them at the top of the psychiatric industry. Over the past couple of years, research has shown that natural and synthetic psychedelics show potential to treat symptoms of various mental health conditions.

Although treatments for conditions such as post-traumatic stress disorder, depression and anxiety already exist, those treatments often aren’t effective, and they rarely offer long-term relief.  This means that people who are in desperate need of mental health treatment, such as military veterans, rarely receive the treatment they need and often end up dealing with their symptoms in other ways.

Congressional lawmakers are looking to change that by providing veterans plagued with mental disorders access to psychedelic treatments. Bipartisan lawmakers recently introduced a bill to invest millions of dollars into studying the medical potential of using psychedelics to treat specific medical conditions in active members of the military.

The resolution, which would create a $75 million fund to support psychedelic research for military personnel, was filed by Representative Dan Crenshaw and has 11 cosponsors. It would require the defense secretary to create a federal grant program to fund phase 2 clinical trials researching ibogaine, psilocybin, 5–MeO–DMT and MDMA. The trials would focus on the effectiveness of the psychedelics against conditions such as chronic traumatic encephalopathy, PTSD and traumatic brain injury.

In addition, the program would train clinicians on how to treat active members of the armed forces who have covered conditions with psychedelic treatments.

The psychedelic bill would direct $15 million to the Defense Department each year from 2024 to 2028 to fund the grant program. Surprisingly, researchers would be allowed to use grant funds to study psychedelics even if federal or military statutes classify the substances as controlled substances. This will undoubtedly go a long way toward removing the regulatory barriers that have held back psychedelic research for decades.

Nonprofit organizations, academic institutions, and state and federal agencies will be able to apply for the psychedelic grant funds.

If the bill is enacted, the defense secretary would have 180 days to provide Congress with a report detailing the clinics chosen for the grants, the number of armed forces members who took part in the trials and the findings. The defense secretary would also be required to submit such a report to Congress every 180 days after the first report.

Retired Navy Seal and Veterans Exploring Treatment Solutions CFO Henry Berkowitz said that measures which expand psychedelic research are crucial for former and current members of the armed forces.

With America’s military service members dealing with exceedingly poor mental health at high rates, we are in desperate need of treatments that are safe, effective and offer long-term relief. Startups such as atai Life Sciences N.V. (NASDAQ: ATAI) are executing R&D programs geared at bringing to market psychedelic-based treatments that will offer these patients the relief they need.

About PsychedelicNewsWire

PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.

To receive instant SMS alerts, text “Groovy” to 888-902-4192 (U.S. Mobile Phones Only)

For more information please visit

Please see full terms of use and disclaimers on the PsychedelicNewsWire website applicable to all content provided by PNW, wherever published or re-published:

Do you have questions or are you interested in working with PNW? Ask our Editor

PsychedelicNewsWire (PNW)
San Francisco, California
415.949.5050 Office

PsychedelicNewsWire is part of the InvestorBrandNetwork.


Select A Month

PsychedelicNewsWire Currently Accepts



Bitcoin Cash

Bitcoin Cash

Doge Coin






USD Coin

USD Coin

Contact us: 415.949.5050