election

Free Webinar Today! Cannabis and Psychedelics Election Updates, Q&A

Register Here Last week, voters across the country were tasked with deciding the fate of numerous cannabis and psychedelics bills and initiatives. These included: psychedelics regulation in Colorado psilocybin licensing opt-out votes around Oregon cannabis decriminalization votes in Texas medical cannabis regulation in Arkansas recreational cannabis regulation in Maryland recreational cannabis regulation in Missouri recreational

colorado psychedelics

Colorado Legalizes Psychedelics

There’s been a lot of news about Tuesday’s election. One of the things that hasn’t made the waves is Colorado’s approval of Prop. 122, which will pave the way for psilocybin clinics like in Oregon. Prop. 122 is actually much broader than Oregon’s Measure 109, and legalizes psychedelics far beyond just psilocybin. Many expressed opposition

election

Cannabis and Psychedelics Election Updates and Q&A

Register Here On November 8, 2022, voters across the country were tasked with deciding the fate of numerous cannabis and psychedelics bills and initiatives. These included: psychedelics regulation in Colorado psilocybin licensing opt-out votes around Oregon cannabis decriminalization votes in Texas medical cannabis regulation in Arkansas recreational cannabis regulation in Maryland recreational cannabis regulation in

phantom income

Psilocybin Companies and Phantom Income

Our Oregon office has been setting up psilocybin companies for clients. This is meat-and-potatoes work for us, as we’ve formed hundreds of schedule I substances businesses in Oregon over the years. I’m referring to cannabis businesses, but psilocybin is similar. Like cannabis companies, most new psilocybin companies end up registering as either LLCs or C-corps.

benefit company

Psychedelics Benefit Companies

The psychedelics movement has a benevolent streak, which may create an influx of benefit companies in the regulated space. In Oregon, the state will regulate the actual practice of medicine out of the program, but many industry operators — manufacturers, service centers and facilitators — are interested in health aspects of psilocybin use nonetheless. Others

psilocybin business

Starting a Psilocybin Business: Write It Down

It’s important for a psilocybin business to operate with written agreements, well ahead of licensure. This post explains why. Statutes and common law are “one size fits all” In Oregon, as in all 50 states, companies are subject to statutes that govern their members, managers, shareholders, directors and officers. The statutes are back-filled by common

psilocybin business investor

Psilocybin Fundraising: Five Tips on Approaching Investors

Businesses and individuals will begin applying for Oregon Health Authority (OHA) psilocybin licenses in two short months. We have been helping people form businesses and raise funds in anticipation of the new program. In some deals we represent the investors; in others we represent the business. This blog post will cover five important considerations for

webinar

FREE Webinar: What Can the Psychedelics Industry Learn from Cannabis Regulation?

Register Here What can the psychedelics industry can learn from cannabis regulation? The answer is probably “quite a bit.” Here at Harris Bricken, we’ve been thinking about this topic for a couple of years. See e.g.: The Psilocybin Movement is Like the Cannabis Movement (Except When It’s Not) Top 10 Lessons from Cannabis for the

oregon psilocybin residency requirement

Can Non-Oregon Residents Get Psilocybin Licenses?

Our psychedelics team routinely fields questions from non-Oregon residents looking for Oregon psilocybin licenses. However, one of Measure 109‘s more infamous requirements is its residency requirement. These provisions require that, until January 1, 2025, manufacturing facilities and service centers must have majority ownership by individual(s) who have resided in Oregon for at least two years.

washington psilocybin

Washington Psilocybin Update

In March of this year, the Washington State Legislature passed Senate Bill 5693. Section 211, subpart 99 of this bill directs the Washington State Health Care Authority (HCA) to create a psilocybin work group to assess the feasibility of bills like Senate Bill 5660 (see our initial take on that one here). In particular, the