Psychedelics have become a popular topic of discussion and research, with some states, including Oregon, going so far as to legalize psilocybin-assisted therapy, and the Multidisciplinary Association of Psychedelic Studies advancing MDMA-assisted therapy through the FDA as a treatment for post-traumatic stress disorder.
However, despite the progress made in learning more about these substances along with the benefits they possess and how they can be used as alternative treatments for various illnesses, the presence of large for-profit companies, which keep obtaining patents that make them the primary option for psychedelic therapies in the near future, keeps growing at a rather alarming rate.
This is discouraging for some in the psychedelic field, who are concerned that the growing number of for-profit companies will result in these therapies becoming less affordable and harder to access.
So, how do we ensure that people who actually need these therapies are able to access them without having to jump through hoops?
Many think community-based psychedelic organizations are the answer. This is primarily because they are self-organized and operate in an evenly distributed, effective and accessible manner.
Additionally, these organizations have introduced community-based healing, a new way of healing that has been found to be effective in helping manage some conditions because it treats the cause of an individual’s trauma rather only than its symptoms.
For instance, the loneliness and the isolation of individuals who suffer from conditions such as depression and addiction only aggravate the condition, which is generally what happens in traditional treatment settings. In addition, treating the symptoms of these diseases doesn’t help identify or solve their root cause, which means that to manage a condition, an individual may end up being on medication for most, if not all, of their lives.
This is why administering psychedelic treatments in healthy, positive and social environments is effective when compared with drugs administered in clinical modalities. However, while emphasizing interdependence, proactive peer support and community is central to flourishing and growth, on both a societal and individual level, this does not mean that community-based healing should replace therapy entirely.
Additionally, cooperatives are decentralized when it comes to ownership, which means that every member has a say in the workings of the different parts of the organization, unlike in traditional organizations, where decisions are made by select individuals. This is why increasing ownership of these societies through democratic ownership ensures that profits made by organizations are used in service to their communities, which constantly puts the needs of their community first.
Nonetheless, the role of for-profit entities such as XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) cannot be downplayed since these companies have the needed financial and technical resources crucial to the advancement of the psychedelic medicine field.
NOTE TO INVESTORS: The latest news and updates relating to XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) are available in the company’s newsroom at https://ibn.fm/XPHYF
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