Atlanta Becomes Latest City to Consider Decriminalizing Psychedelics
Atlanta just became the latest city to consider decriminalizing psychedelics. On September 12, just one week after San Francisco officially decriminalized psychedelics, a meeting was held by the City Council's Public Safety and Legal Administration Committee to discuss a resolution that sought to replicate San Francisco's policies. The new bill would see police deprioritize enforcing law on people carrying psychedelic mushrooms and is part of a national effort to normalize the use of magic mushrooms and other plants as therapies for mental illness
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NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Atlanta just became the latest city to consider decriminalizing psychedelics. On September 12, just one week after San Francisco officially decriminalized psychedelics, a meeting was held by the City Council's Public Safety and Legal Administration Committee to discuss a resolution that sought to replicate San Francisco's policies. The new bill would see police deprioritize enforcing law on people carrying psychedelic mushrooms and is part of a national effort to normalize the use of magic mushrooms and other plants as therapies for mental illness. Although the committee did not yet resolve to move the action forward, its members unanimously agreed to hold the measure for further study and continue discussing it in the next session. The decriminalization of psychedelics is good news for companies developing psychedelic-based treatments to combat mental illness, such as Numinus Wellness (TSX:NUMI) (OTCQX:NUMIF), Atai Life Sciences N.V. (NASDAQ:ATAI), Compass Pathways (NASDAQ:CMPS), Mind Medicine (MindMed) Inc (NASDAQ:MNMD) (NEO:MMED), and Cybin Inc. (NYSE:CYBN).
Numinus Wellness Inc. (TSX:NUMI) (OTCQX:NUMIF) is a mental health care company advancing innovative mental health care and safe, evidence-based psychedelic-assisted therapies. The company offers a wide range of mental health care services, including counseling, therapy, Transcranial Magnetic Stimulation (TMS), ketamine-assisted therapy and psychedelic-assisted therapy (through Health Canada's Special Access Program).
On September 22, Numinus announced the opening of a new Montreal clinic that will replace an existing downtown clinic. The new site, which is located in the Plateau neighbourhood, will have expanded capacity to offer ketamine treatments, including different administrations of ketamine such as Spravato, intramuscular, lozenge and nasal spray, and a wider assortment of ketamine-assisted therapy options with options in treatment length and session type.
