Congress to Vote on Psychedelics Research Amendments for

New Post Public Reply Private Reply Replies (0) Message Board
NetworkNewsWire
243
Congress to Vote on Psychedelics Research Amendments for Active Military Members

As is so often the case, legislators have introduced various amendments to upcoming legislation for active military members. Those include measures to protect banks that offer their services to state-legal cannabis businesses and those that will facilitate research on the benefits of psychedelics for military personnel.

The measure that would enable the defense secretary to award grants for research into the therapeutic potential of psychedelics such as ibogaine, psilocybin and MDMA for military members with PTSD, was filed by Rep. Dan Crenshaw. The grants will be awarded to not-for-profit organizations, academic institutions, and state or federal agencies. Under the measure, researchers would be required to carry out clinical trials on PTSD treatments, which would involve either group or individual therapy.

The grants would also be utilized in the support of training practitioners treating military members who are eligible to use psychedelic substances.

Thus far, Crenshaw, who is also a veteran, had voted against drug policy and cannabis reform measures. This includes previous amendments that would have removed barriers to research on the medical benefits of psychedelic substances. It is worth nothing that the congressman’s home state Texas recently passed a law that required officials to conduct research on the potential benefits of ketamine, MDMA and psilocybin for military veterans.

A bipartisan list of co-sponsors, including Rep. Ed Perlmutter, are also working on attaching language to the National Defense Authorization Act that would hinder financial regulators from imposing penalties on credit unions or banks that service state-legal cannabis businesses. Perlmutter is the sponsor of the SAFE Banking Act, which is similar to this amendment and was approved in the House.

Despite the measure not being directly linked to issues related to defense, Perlmutter views the sure-to-pass National Defense Authorization Act as a vehicle for the reform that may proceed to the Senate. This is because all marijuana banking legislations that were approved in the House have yet to be advanced to the Senate.

Rep. Lou Correa also proposed amendments on cannabis research that would require the head of the Veterans Affairs to conduct a clinical trial into the effects of medical marijuana on the health outcomes of veterans who have been diagnosed with PTSD or who deal with chronic pain. With regard to chronic pain, the double-blind randomized controlled trial would explore the effect of the use of marijuana on neuropathic pain, and the dosage and use of alcohol, benzodiazepines and opioids, after taking into consideration overall factors including anxiety and sleep.

For post-traumatic stress disorder, the researchers would be required to study the impact of cannabis on the use of benzodiazepines and overall symptoms.

The attempts to put in place appropriate laws governing psychedelic research come at a time when a number of companies such as Cybin Inc. (NYSE American: CYBN) (NEO: CYBN) have taken significant steps towards advancing psychedelic drug-development programs, and such efforts will add impetus to other researchers seeking a greater understanding of these promising compounds.

NOTE TO INVESTORS: The latest news and updates relating to Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) are available in the company’s newsroom at https://ibn.fm/CYBN

Please see full terms of use and disclaimers on the PsychedelicNewsWire website applicable to all content provided by PNW, wherever published or re-published: https://www.PsychedelicNewsWire.com/Disclaimer


Cybin Inc (CYBN) Stock Research Links

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

Top 10 Most Recent News Articles

Hybrid Bonding Market Shooting to $2.45 Billion by 2033

Updated Category News Views 126

Hybrid Bonding: The Future of Semiconductor Interconnects? Mark these words: Hybrid bonding isn't just another tech trend—it’s morphing into a billion-dollar juggernaut, my friend. With the latest numbers from MarketsandMarkets™, we see a potential leap from USD 0.38 billion in 2026 to a staggering USD 2.45 billion by 2033. We'll be seeing an eye-popping CAGR of...

Continue Reading
vVARDIS Readies for Big Day on NYSE—IPO Set to Shine

Updated Category News Views 166

vVARDIS Stepping into the Spotlight of the NYSE Alright, folks, here's one that could make some waves. vVARDIS is gearing up for its NYSE debut, trading under the ticker VVVV. They're no small fry talking about 9.72 million shares priced at 18 bucks a pop. This isn't just any run-of-the-mill company; they claim to have the first peptide-containing formulation for early...

Continue Reading
CSTS Backs Hong Kong's Nobel Sustainability Trust Put

Updated Category News Views 150

A New Chapter for CSTS and Sustainability Leadership Who would've thunk it? CSTS Enterprises, primarily known for its integrated media and sports ventures, is stepping into the sustainability arena as the Official Hospitality Partner for the Nobel Sustainability Trust Hong Kong Summit 2026. They're not just dipping a toe—they're diving headfirst into the pool, bringing...

Continue Reading
Why Surge Protection Is Now a Vital Home Upgrade

Updated Category News Views 83

Understanding the Hidden Risks of Power Surges You ever had a computer or TV go kaput out of the blue? Chances are, power surges are the stealthy culprit. Zachary Bobersky, an expert electrician from Ungerman Electric, dishes out the hard truths about how these electrical hiccups, often triggered by everyday use—like your refrigerator or AC flicking on—can quietly...

Continue Reading
CVRx Faces Legal Storm: Investors Grapple with Fallout

Updated Category News Views 124

CVRx in the Crosshairs: Legal and Operational Woes There's a storm brewing over at CVRx, Inc. (NASDAQ: CVRX), and it's pulling investors down a hell of a financial rabbit hole. You might think you're in the clear with a company like CVRx that boasts approved devices, but think again. Recent revelations have shown that even those with FDA stamps aren't immune to the...

Continue Reading
DraftKings Shares Tumble, Investors Grapple with Losses

Updated Category News Views 60

DraftKings' Bold Moves Hit Investor Pockets Hard It ain't every day you see a company gamble nearly $700 million and come out with egg on its face. Yet, that's what DraftKings (NASDAQ: DKNG) seems to have done, and now it's shareholders who might be left holding the bag. On November 6, 2026, when DraftKings admitted it was doubling down on its Predictions business...

Continue Reading
Fly-E Faces Revenue Drop Amid Retail Restructuring

Updated Category News Views 131

Downturn Despite Strategic Restructuring Today, we're diving into Fly-E Group, Inc. (NASDAQ:FLYE) and the latest shakeup in their financials—spoiler alert, it's riding a downward slope. Quarter two of fiscal 2027 didn't exactly shine a light on profitability. Net revenues slid, dropping to $2.6 million this quarter, down from $3.9 million the previous year. Tack that up...

Continue Reading
Revolutionary Sports Ball Backpack: A Game Changer?

Updated Category News Views 37

Backpacks Reinvented by a Clever Mom Ever been caught in the whirlwind of juggling kids, sports gear, and school supplies? Well, one stay-at-home mom from Poway, California found herself in just such a predicament. She turned this everyday chaos into a creative solution by designing a unique Sports Ball Backpack. The idea came to her while managing a toddler, a newborn,...

Continue Reading
Mitsubishi CEO Chikumoto Wins 2026 Palladium Medal

Updated Category News Views 147

Here's something to tip your hat to: Manabu Chikumoto, the head honcho of Mitsubishi Chemical Group, snagged the 2026 International Palladium Medal. You don't get this one by just sitting pretty behind a desk. The folks at the Société de Chimie Industrielle—the ones responsible for this prestigious accolade—know a thing or two about setting high bars in the chemical...

Continue Reading
Thanksgiving in Outer Banks: Unique Traditions Await

Updated Category News Views 65

Thanksgiving Plans Off the Beaten Path Thanksgiving in the Outer Banks isn't just another holiday; it's a whole different ball game. Imagine trading in the usual family couch-potato marathon for a beachside gathering, where the sand replaces the snow, and coastal seafood joins the turkey on your dinner table. If you've been teetering on the edge of making plans, this...

Continue Reading

Top 5 Most Recently Viewed Articles

Empowering Female Athletes: Herbalife Supports Basketball Combine

Updated Category News Views 324

Herbalife Partners for Women’s College Basketball Stars Herbalife, a leading health and wellness brand, is stepping up to empower female athletes by becoming the Official Nutrition and Hydration Partner for the Lilly 2025 Women's College All-Star Combine. This significant event aims to showcase talented basketball players, allowing them to connect with scouts and...

Continue Reading
FPI Earnings Preview: Traders Eye EPS and Guidance Impact

Updated Category News Views 167

Farmland Partners (NYSE:FPI) is prepped to drop its quarterly earnings on February 18, 2026, and you better believe traders are already sweating over it. Analysts are throwing out estimates pegging the earnings per share (EPS) at $0.19—now, that's not exactly a home run but it's enough to keep eyes glued to the screens as we await the news. The buzz in the air is thick;...

Continue Reading
Celebrate Mom with a Prize from Molly Maid This Mother's Day

Updated Category News Views 138

Celebrate Mother's Day with Molly Maid’s Special Giveaway Mother's Day is a wonderful occasion to honor and pamper the incredible mothers in our lives. This year, Molly Maid® is offering a unique opportunity to celebrate these remarkable women with their annual "Mother's Day Clean Home Giveaway." This giveaway presents a chance for five fortunate winners to each...

Continue Reading
Cure Alzheimer's Fund Welcomes New Research Management Leader

Updated Category News Views 190

Cure Alzheimer's Fund Welcomes New Research Management Leader Cure Alzheimer's Fund is thrilled to announce the appointment of Natasha Hussain, Ph.D., as the new Executive Vice President for Research Management. In her new role, Dr. Hussain is poised to manage and enhance the research opportunities and funding initiatives within the organization. Bringing Expertise to...

Continue Reading
Understanding Disclosure Requirements for Life Science REIT

Updated Category News Views 142

Overview of Disclosure Requirements Understanding the importance of disclosure in the financial world is pivotal for investors. When companies like Life Science REIT Plc are involved, transparency in trading and ownership stakes is crucial. Efforts to remain compliant under various regulations can help build trust among stakeholders and investors alike. Key Entities and...

Continue Reading