DEA Announces Significant Increase in Psychedelic, Cannabis Production Quotas for Next Year

The DEA is suggesting a significant increase to the legal production of psychedelics such as DMT, MDMA, LSD, psilocybin and cannabis, may be for use in research in 2022. In a notice, the Drug Enforcement Administration stated that there had been a considerable increase in the use of Schedule I controlled substances for clinical trial and research purposes, which is why it would like to authorize manufacturers to meet the increasing demand.

The agency had already increased its proposed 2021 quota for psilocybin and marijuana last month. Now, it would like a wider array of psychedelic substances and substantially higher quantities of research-grade cannabis to be manufactured next year. The agency wants to increase the amount of DMT by five times, the amount of mescaline by four times, and double the amount of psilocin, psilocybin and cannabis extracts.

The production amount of DMT will increase by 6,300%, moving from 50g this year to 3,200g in 2022 as research into the therapeutic potential of the drug continues to grow. Cannabis will increase by 60% under the proposal, hitting 3.2 million grams next year while LSD would increase by 1,150%, reaching 500g.

In the Federal Register notice, the DEA stated that it had been approving additional applications to cultivate, extract and manufacture dosage forms that contain particular Schedule I substances for trial purposes in order to meet these quotas. The agency added that it was working hard to process and approve cannabis manufacturer applications especially, because there was only a single farm at the University of Mississippi allowed to grow the plant for research.

The public interest and scientific interest in psychedelic substances and cannabis has grown significantly in the recent past, with initial clinical trials showing the therapeutic potential these substances possess.

In a recent interview, director of the National Institute on Drug Abuse Nora Volkow stated that she was encouraged by the agency’s prior proposed increase in the production quota for the aforementioned substances. She added that the studies showing the therapeutic benefit of psychedelic substances could be leading more individuals to experiment with various psychedelics, including psilocybin.

Despite these increases, experts and advocates remain frustrated that these fungi and plants are still classified under Schedule I in the Controlled Substances Act, even with existing research showing their medical value for various conditions. The Controlled Substances Act was enacted officially in 1971, with substances being classified in different categories. Schedule I substances were considered to be the most dangerous.

The classification is ironic given that plenty of companies, including Tryp Therapeutics Inc. (CSE: TRYP) (OTCQB: TRYPF), are in advanced stages of developing medicinal formulations for different indications from these substances, which the DEA classifies as “having no medical value and with a high potential for abuse.”

NOTE TO INVESTORS: The latest news and updates relating to Tryp Therapeutics Inc. (CSE: TRYP) (OTCQB: TRYPF) available in the company’s newsroom at https://ibn.fm/TRYPF

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