Markets for Feb 20: $COOL +15.89%, $EHVVF -12.36%, $SILO +11.11%

While less of a focus on capital markets, Canada and the state of California have introduced bills to dramatically shift the legal framework around psychedelics.

The Trudeau government put forth a new law that, if passed, would focus on treating drug users through community programs rather than prosecution and incarceration. While not complete decriminalization, the bill removes all mandatory minimum sentences found in the Controlled Drugs and Substances Act, giving courts much more leeway when sentencing drug trafficking and possession charges.

Meanwhile, south of the border, California State Senator Scott Wiener proposed a bill that would decriminalize MDMA, LSD, DMT, psilocybin, psilocin, ibogaine, and mescaline. If passed, Senate Bill 519 would also establish a commission for recommendations on legal psychedelic frameworks.

These proposed bills could have significant impacts on both domestic and global criminal justice reform, continuing the positive trend of cities like Oregon and Massachusetts who are already starting to transform the conversation around psychedelics.

Here’s a summary of this week’s news:

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Microdose Psychedelic Insights

Your Guide to the Business of Psychedelics. Our mission is to shift the world's perception of psychedelic medicine.