Critical Election Day Victories for Psychedelics Continue

New Post Public Reply Private Reply Replies (0) Message Board
Lee Adams
942
Critical Election Day Victories for Psychedelics Continue the Industry’s Momentum

Key psychedelic drug ballot initiatives pass in Oregon and Washington, D.C. setting a bright future for mental health care in the U.S.

LAS VEGAS, NV, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Global Trac Solutions, Inc. (OTCPink: PSYC) (“Global” “PSYC” or the “Company”) applauds the successful passage of two key psychedelic ballot initiatives in Oregon and the nation’s capital following the November 3rd election. These victories continues to highlight a critical and ongoing shift in support of medicinal psychedelics in the U.S.

Oregon’s Measure 109, a Psilocybin Therapy Initiative, will allow for the development of a state-regulated program for psilocybin-assisted therapy aimed at treating those suffering from debilitating mental health conditions such as depression, anxiety, PTSD, and addiction.

In a July 2020 interview with PSYC CEO David Flores, Sheri Eckert, one of the chief petitioners behind Measure 109, explained that “it’s important to create new options.” Eckert said psilocybin assisted therapy can help. “This approach will bring a new tool for mental health and wellness into the field of care, and we need this because our current treatment options are not working for enough people. For some, psilocybin therapy might even eliminate the need for daily dosing of psych meds, and that’s good news, because the goal is to heal, not to prescribe more pills.”

“Congratulations to Tom and Sheri Eckert for the tireless work they have put into Measure 109,” said Flores. “We are honored to have had the opportunity to share the important mission and message associated with Measure 109 through our Psychedelic Spotlight platform.”

Washington D.C.’s Initiative 81 decriminalizes several plant and fungi-based psychedelic substances. And with this passage, DC joins other cities including Denver, Oakland, and Santa Cruz, Calif., and Ann Arbor, Mich., which have already decriminalized plant and fungi-based psychedelics.

“We here at PSYC are quite encouraged with the passage of these ballot initiatives and how they further demonstrate the very viable path for the emergence of medicinal psychedelics as an industry,” Flores said. “We look forward to continuing to serve as a voice and resource for the advancement of medicinal psychedelics, helping to develop and shape what we believe is materializing into one of the most prominent and critical industries of our time.”

About Global Trac Solutions, Inc. (OTCPink: PSYC)

At Global Trac Solutions we are integrating media, creativity, and technology to develop and deploy thought-provoking ideas and solutions that are fostering and transforming the approach to some of society’s most pressing matters.

PSYC has expressed its intent and commitment to positioning itself at the forefront of the psychedelic revolution and as a resource center for discovering and understanding the latest research and business opportunities surrounding psychedelic inspired medicines. In conjunction with the FDA’s more open-minded approach to psychedelic medicines, and as several major U.S. cities continue to approve the decriminalization of psilocybin, investors are speculating that the psychedelic boom could be bigger than that of cannabis. PSYC is your source for current investment related news specific to psychedelic medicines and cutting-edge research improving overall health, moving this sector into the mainstream.

We believe in a forward-thinking approach that embraces groundbreaking new technology and innovations and through the vision of business development we intend to continue to evolve into these unchartered territories as the industry leaders of the future. We truly are the right TRAC to follow.

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors, including the effect of COVID-19, that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are disclosed on the OTC Markets.com website.

Disclaimer: Global Trac Solutions, Inc. does not in any way encourage or condone the use, purchase, sale or transfer of any illegal substances, nor do we encourage or condone partaking in any unlawful activities. We support a harm reduction approach for the purpose of education and promoting individual and public safety. If you are choosing to use psychedelic substances, please do so responsibly.

Corporate Contact:

Global Trac Solutions, Inc. (PSYC)
www.globaltracsolutions.com
(702) 239-1919
psyc@globaltracsolutions.com
OTCPINK: PSYC

Global Trac Solutions Inc. (PSYC) Stock Research Links

PSYC Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

AppLovin Faces Securities Fraud Lawsuit Amid AI Claims

Updated Category News Views 0

Digging Into AppLovin's Legal Turmoil Well, it's another wrinkle in the markets' many lines. This time, we’ve got AppLovin Corporation facing the music with a securities fraud lawsuit. If you’ve got shares in NASDAQ:APP, you might want to perk up. Let the trial by fire begin, I say. The Lawsuit Details & Class Period Here we are, October 19, 2026, and the legal eagles...

Continue Reading
Plata Hits $1 Billion ARR in Record Digital Bank Growth

Updated Category News Views 4

Plata Rocks the Boat with Rapid Revenue Growth When a digital bank like Plata rakes in $1 billion in Annual Recurring Revenue (ARR) within just 3.5 years, you can't just shrug it off. That's blazing fast by any standard, especially for a financial institution. Emerging from Mexico, this bank's rocket-like ascent is flinging the doors wide open for what's possible in the...

Continue Reading
Understanding Truck Accident Settlements in Memphis

Updated Category News Views 0

Delving into Truck Accident Settlement Timelines Out there in Memphis, timing a truck accident settlement isn't exactly like clockwork work. When it comes to getting your compensation, the timeline varies as widely as a duck hunting trip—sometimes you come home with a basketful, sometimes it’s empty. It might be a quick couple of months or drag on past a year, and...

Continue Reading
Navigating the Nitty-Gritty of Cabin Rental Management

Updated Category News Views 3

The Real Elbow Grease Behind Cabin Management Ever imagined what it’d take to keep a vacation rental cabin running like a tight ship? Well, Nathan Fitts breaks it down real clear-like. The guy's seen it all in Blue Ridge, Georgia, which isn't just about scenic views—there's serious business brewing behind that cabin charm. More Than Just Fluffing Pillows Turns out,...

Continue Reading
Kansai Medical Ushers in New Era of Cancer Research

Updated Category News Views 7

Breaking Ground in Cancer Treatment Trials I've seen some thrilling breakthroughs in my time following the pharmaceutical industry, but what Kansai Medical University and Daiichi Sankyo are doing elevates the game. They're rolling out the first patient dose of DS1025 in Osaka, Japan—a move that marks the onset of a global Phase 1 clinical trial. This is no ordinary...

Continue Reading
Tenant Improvement: Key to Adapting Lease Spaces

Updated Category News Views 4

Adapting Space or Adapting Business? Here's the thing that keeps popping up in commercial real estate: tenant improvement construction. This isn't just modifying a structure—it's about rethinking how businesses operate within a certain space. The HelloNation article gives you the lowdown straight from Bradley Quakenbush of White Oak Commercial Group. When businesses...

Continue Reading
De¹ Unveils Tokenization Model on BNB Chain

Updated Category News Views 3

De¹'s Bold Move into Enhanced Digital Finance Just when you thought the financial landscape couldn’t get any more complex, De¹ steps into the ring with its Tokenized Asset World on the BNB Chain—a move that's stirring the pot of tokenized finance in more ways than one. For old-school investors who thrive on waving outlandish stock bets, this crypto narrative is a...

Continue Reading
PrePass Intelligence: A Game-Changer for Fleets

Updated Category News Views 2

Picture this: you're at the wheel of a beastly 18-wheeler, barreling down the highway and skipping weigh stations thanks to PrePass. But here’s where the real magic kicks in. PrePass Intelligence just rolled out, aiming to squeeze every last drop of value from bypass and toll data. That's cold hard cash for fleet operators who can finally make sense of these fleeting...

Continue Reading
New Jersey Homeowners Face Mold Risks in Crawl Spaces

Updated Category News Views 1

Understanding the Invisible Threat of Crawl Space Mold Crawl space mold—it hides in the shadows beneath your home, biding its time until it wreaks havoc on indoor air quality. In the context of New Jersey's environmental quirks, this isn't a trivial concern. With humidity hanging around like an unwanted guest and sneaky water intrusions, those dark nooks under houses...

Continue Reading
Coastal Financial Faces Lawsuit Over Fraud Allegations

Updated Category News Views 0

Coastal Financial Corporation, riding high on NASDAQ as CCB, now finds itself in the middle of a storm. Schall, Brown & Schwartz LLP, a firm known for its shareholder rights litigation, has thrown the gauntlet with a class action lawsuit against Coastal for suspected securities violations. We're talking about potential fibs under Section 10(b) and 20(a) of the Securities...

Continue Reading
More News Articles