News & Insights

2024 Psychedelics Policy Outlook
Psychedelics David Feldman Psychedelics David Feldman

2024 Psychedelics Policy Outlook

Despite decades of prohibition, psychedelic policy reform has taken off over the past five years. In the United States, at least 28 municipalities have passed local decriminalization (i.e., deprioritization of law enforcement) measures, two states have adopted regulated access models for psilocybin, at least initially, and a sprinkling of states have begun to consider decriminalization for small amounts of certain psychedelics or have enacted reduced penalty statutes applicable to limited, personal use. In 2023 alone, eight localities passed decriminalization initiatives and at least a dozen states introduced psychedelics-focused legislation. Several states have also adopted laws requiring the establishment of working groups to study the potential medical uses of psychedelics and/or have designated funds for academic institutions and other organizations to engage in psychedelic research. For example, Arizona, Minnesota, Nevada, and Washington all passed legislation establishing committees to study psychedelics further in 2023. In other states, proposed legislation continues to face resistance and has been unsuccessful.

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Feldman Legal Advisors’ Courtney Barnes, Esq. Advocates for Psilocybin Decriminalization in Connecticut
Psychedelics David Feldman Psychedelics David Feldman

Feldman Legal Advisors’ Courtney Barnes, Esq. Advocates for Psilocybin Decriminalization in Connecticut

Courtney Barnes, Esq. was one of the policy reform activists who testified at the Psilocybin Decriminalization Forum that took place at the Connecticut Capitol last week. Organized by Last Prisoner Project, over a dozen therapists, researchers, attorneys, and advocates came together to speak about the value of psilocybin from both a mental health and economic perspective. The event marks the first psilocybin decriminalization informational forum of the 2024 legislative season. 

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Ohio Legalizes Cannabis for Adult-Use 
Cannabis David Feldman Cannabis David Feldman

Ohio Legalizes Cannabis for Adult-Use 

On November 7, 2023, Ohio voters passed a ballot measure to legalize adult-use cannabis, making it the 24th state to embrace legalization outside of medical use. The law passed easily with an estimated 56.79% vote (i.e., 2.144 million voters out of the 3.8 million who cast ballots). The law will take effect on December 7, 2023.   

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Entering the Cannabis Market: The Top Five Realities Cannabis Businesses Need To Know
Cannabis, Business David Feldman Cannabis, Business David Feldman

Entering the Cannabis Market: The Top Five Realities Cannabis Businesses Need To Know

The cannabis industry is growing rapidly, but it is very complex for any cannabis business to navigate for many reasons. Whether you are an entrepreneur considering entering the adult-use cannabis market for the first time, or you’re a legacy operator seeking entry into the adult-use cannabis market, there are a few things to understand. It is important to do your homework, consult experts, and build a strong team that is prepared for the challenges you will face as a cannabis entrepreneur.

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Open to All: Your Path to Securing a NY Adult-Use Cannabis License
Cannabis David Feldman Cannabis David Feldman

Open to All: Your Path to Securing a NY Adult-Use Cannabis License

With the New York State Cannabis Control Board’s recent approval of the state’s general adult-use cannabis regulations, the floodgates are officially opening for New York’s recreational marijuana market. This is big news for legacy partners, entrepreneurs, and businesses looking to get in on the ground floor of what is projected to be a multi-billion-dollar state industry. 

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NY CCB Meeting Update 9/12/23 – Board Adopts General Adult-Use Regulations
Cannabis David Feldman Cannabis David Feldman

NY CCB Meeting Update 9/12/23 – Board Adopts General Adult-Use Regulations

Today’s New York State Cannabis Control Board (CCB) Meeting brought forth significant and long waited developments to the state’s cannabis landscape. The CCB authorized the State’s general adult-use regulations which will enable the much-anticipated general adult-use market to initiate its licensing application process, which is scheduled to commence on October 4th.

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