Maryland Senators File Measure to Offer Veterans F
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Earlier this week, a group of senators in the state of Maryland filed a measure which would establish a fund that could be used to support research into the therapeutic potential of psychedelics. The bill also called for providing free access to psychedelic drugs such as ketamine, MDMA and psilocybin for military veterans with PTSD.
The bill, which was sponsored by Sen. Sarah Elfreth, would create a PTSD Alternative Therapies fund. The state fund would finance studies on psychedelics through Maryland’s Department of Health as well as offer cost-free access to alternative therapies.
The measure stipulates that regulators will have to regularly consult with the Department of Veterans Affairs, the Walter Reed National Military Medical Center, Sheppard Pratt, the University of Maryland and the Johns Hopkins University on the use of psychedelic substances for post-traumatic stress disorder.
It also indicates reporting requirements that may be used to come up with legislations on providing regulated access to psychedelic drugs for therapeutic use in the future. In addition, the bill stipulates that the state’s Department of Health will have to submit a report to the governor and legislature with initial recommendations and findings by Dec. 1, 2022. Another deadline for recommendations and findings on research funded through the Post Traumatic Stress Disorder Alternative Therapies fund is set for two years later.
The measure, which has nine senators as cosponsors, notes that the report must include findings on the effectiveness of the use of alternative therapies as PTSD treatments, as well as recommendations on regulatory, legislative or budgetary changes to increase access to alternative therapies for military veterans with PTSD. The measure is set to receive a hearing in the Budget and Taxation Committee on March 2, 2022.
This legislation is the latest example of how the psychedelic reform movement is growing in the country, following a number of successful campaigns to decriminalize entheogenic fungi and plants in a number of state legislatures. For example, in Oklahoma two GOP legislators filed two measures, one of which would further decriminalize low-level possession of psilocybin while the other would promote research into the therapeutic potential of this particular psychedelic.
Soon after this, a House committee in the state of Utah approved a measure that would establish a task force to conduct research on psychedelic drugs and make recommendations on possible regulations for their legal use. Additionally, a legislator in Missouri introduced a measure last month that would give residents in the state with severe ailments legal access to various psychedelic drugs, under the state’s right-to-try law.
As more jurisdictions enact laws allowing the regulated use of psychedelic medicine, sector companies such as Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) will have a wider market to serve.
NOTE TO INVESTORS: The latest news and updates relating to Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) are available in the company’s newsroom at https://ibn.fm/DELCF
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