Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. SILO Pharma Inc. (SILO) Message Board

California Senator Sees New Path to Get Psychedeli

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 138
(Total Views: 279)
Posted On: 08/23/2022 5:11:14 PM
Avatar
Posted By: NetworkNewsWire
California Senator Sees New Path to Get Psychedelics Decriminalization Bill Approved

The possession and use of psychedelic drugs won’t be allowed anytime soon in the state of California after a psychedelics bill failed to pass. Bill SB 519, which had advanced past the Senate, was passed by two committees and went through a series of amendments in an appropriations committee that removed ketamine from the list of allowed psychedelics and introduced possession limits. Despite that, psychedelic reform advocates say that the legislation was essentially gutted in an Assembly Appropriations Committee meeting last week, with lawmakers introducing provisions such as possession limits that irked many advocates.

Before last week’s Appropriations Committee meeting, SB 519 would have made it legal to possess limited amounts of psychedelic drugs, including ibogaine, LSD, psilocybin and MDMA. The bill had also included provisions for record sealing and resentencing for California residents who had prior psychedelic-related convictions, but the language outlining these provisions was removed in a committee meeting before it headed to the Senate floor last year.

Senator Scott Wiener, sponsor of the bill, accepted the amendments to the bill as he was determined to get the legislation onto the Senate floor for a vote. However, the Assembly Appropriations Committee removed the criminal protections for possessing small quantities of seven psychedelics, introduced possession limits and mandated a study into the impact of potentially legalizing psychedelics in the future before passing it.

A last-minute push to include key amendments that would have removed synthetic psychedelics such as MDMA and LSD from the proposed list of criminalized psychedelics wasn’t enough to satisfy SB 519’s sponsor and its supporters.

Even though Weiner said that he was extremely disappointed by the amended bill, he said that he would reintroduce the legislation next year as psychedelics hold plenty of promise when it comes to treating mental health conditions such as addiction and post-traumatic stress disorder.

In a recent interview with Marijuana Moment, Weiner said that we don’t need a study to tell us that drug criminalization has been an unmitigated failure and that we need to decriminalize psychedelics. Although his bill did include provisions that called for a study, it was meant to inform future changes to the state’s drug laws rather than determine whether or not the state should look into drug reform and criminalization.

Without any decriminalization provisions, Weiner’s legislation was basically turned into a psychedelics study bill that he says would have been “subjectively meaningless.”

Weiner’s psychedelic bill may have failed to advance, but all the work that went into developing it will be used to inform efforts to legalize psychedelics next year. He plans on reintroducing the bill next session, and given California Governor Gavin Newsom’s support for progressive drug policy and harm reduction, he believes the bill will have a good chance of passing.

Fighting for reforms to policies that have existed for decades involves taking baby steps forward and encountering speed bumps, but companies operating in the psychedelics space such as Silo Pharma Inc. (OTCQB: SILO) maintain an optimistic outlook that things will eventually change as awareness grows about the potential that these substances hold.

NOTE TO INVESTORS: The latest news and updates relating to Silo Pharma Inc. (OTCQB: SILO) are available in the company’s newsroom at https://ibn.fm/SILO

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




(0)
(0)




SILO Pharma Inc. (SILO) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us