Vince Sliwoski and Griffen Thorne in BrainFutures
An issue brief describing three psychedelic access pathways that are legal or semi-legal in the United States: medical, wellness, and religious access.
There is no substitute for proven expertise. That’s why leading media around the world so often turn to Harris Sliwoski for our insight.
An issue brief describing three psychedelic access pathways that are legal or semi-legal in the United States: medical, wellness, and religious access.
“I tend to think it’s marijuana practically speaking if not legally speaking…THCa is probably a risk that most people shouldn’t take, there are so many ways it can go wrong.”
“I don’t think it’s an Herbl thing. It’s just a symptom of the way the industry was set up and the way the market is going right now…There’s a lot of people out there vying for money, and it’s going to be hard for those folks to get paid. This is going to be the first of many failures and flameouts we’re going to see as a result of the creditor crunch.”
Looking to make money in psychedelics? Look elsewhere.
That’s the message from lawyer Griffen Thorne at Harris Sliwoski Sliwoski LLP, a Portland firm that specializes in the legal cannabis industry and, more recently, psychedelics.
“Anyone familiar with the cannabis industry knows how difficult it is to make money,” Thorne wrote on the firm’s site today. “Things are going to be even worse for people in the state-legal psychedelics industry—much worse.”
Thorne cites a half-dozen hurdles for anyone trying to make a living with psilocybin: competition from physicians if psilocybin wins Food and Drug Administration approval (it’s in Phase 3 trials); opposition from pharmaceutical companies that are working to get those approvals; high costs for running a psilocybin service center; black-market competition; and growing religious use of psilocybin.
“US businesses—big and small alike—whose operational viability requires economic engagement in China must recognize how the worlds of law, policy, practice, and technology have converged, and they must adapt accordingly. This means developing and implementing a customized strategy that can be used to navigate the challenging due diligence requirements of the Uyghur Forced Labor Prevention Act.”
Recently, a pair of large cannabis companies, MMJ International
Holdings Corp. and Global Cannabis Holdings, made waves by
announcing they had formed a partnership to import cannabis THC
products into the U.S.
The announcement did not identify the type of THC cannabis
products slated for import, or the legal strategy the companies would
pursue. However, many cannabis operators seem to be wondering
whether it is legal to import THC products — and specifically cannabis
seeds — into the U.S.