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UK’s First Psychedelic Trade Association Launched

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On September 18, 2024, the UK launched its first-ever psychedelic trade association, Psychedelic Industry UK (PsyIndUK), marking a pivotal moment in the country’s psychedelic medicine sector. As psychedelic-assisted therapies gain recognition for their potential to treat mental health conditions like depression, PTSD, and addiction, PsyIndUK aims to unify and advance the UK’s psychedelic industry by fostering collaboration, promoting research, and engaging with policymakers and regulators​.

What is PsyIndUK?

Led by James Bunn, a prominent regulatory expert in the field of psychedelics, PsyIndUK brings together key stakeholders from across the UK’s psychedelic sector. The organization’s mission is to drive forward evidence-based, sustainable, and equitable growth of the psychedelic medicine industry. By working with scientific researchers, healthcare professionals, and regulatory bodies, PsyIndUK seeks to ensure that the development of psychedelics is conducted responsibly and safely​.

Why the Launch of PsyIndUK is Important

The launch of PsyIndUK comes at a crucial time. Although 2024 has seen promising developments in psychedelic research, it has also been marked by challenges, including overpromising and delays in regulatory approvals for psychedelic treatments. PsyIndUK aims to address these challenges by creating a unified voice for the industry, helping to streamline the development of therapeutic psychedelics like psilocybin, MDMA, DMT, LSD, and ketamine.

PsyIndUK’s core mission is to guide the scientific and clinical development of these substances while ensuring that regulations protect patient safety. The association will advocate for professional training in psychedelic-assisted therapy, ensuring that healthcare providers are adequately prepared to deliver these treatments in clinical settings.

Psychedelic Industry UK Chair Dr Rayyan Zafar added: “PsyIndUK is committed to rigorous scientific and medical research to guide therapeutic delivery, professional training for healthcare providers, and regulations to protect patient safety. We look forward to working across the sector to achieve this.”

Key Members and Founding Partners

The founding members of PsyIndUK represent some of the leading players in the UK’s psychedelic landscape, including organizations like Heroic Hearts, PsyAware, Psilonautica, and Volteface. The organization is open to a broad range of companies and institutions, providing them with access to working groups, networking events, and opportunities to influence policy​.

The founding members of PsyIndUK are as follows:

  • Heroic Hearts
  • Onaya
  • Psilonautica
  • PsyAware
  • Psych
  • Psychedelic Health
  • PsyEdu
  • Shortwave Life Sciences
  • Volteface

Collaborating for a Holistic Approach

PsyIndUK emphasizes a holistic approach to the development of psychedelic therapies. This means focusing on the whole ecosystem of the industry, from clinical trials to the eventual regulatory frameworks that will govern the use of these substances in medicine. With the growing body of research supporting the efficacy of psychedelic treatments, PsyIndUK is committed to ensuring that these therapies are introduced safely and scientifically validated​.

UK’s First Psychedelic Trade Association Launched A Significant Milestone for the Industry
UK’s First Psychedelic Trade Association Launched A Significant Milestone for the Industry

Global Context and Implications

The formation of PsyIndUK is part of a larger global trend toward integrating psychedelic therapies into mainstream healthcare. Countries such as the U.S., Canada, and Australia are also expanding research into psychedelics, and regulatory bodies worldwide are beginning to explore frameworks that could see psychedelics used to treat a range of mental health disorders.

By establishing a unified organization, the UK has positioned itself as a leader in the global conversation on psychedelics. The success of PsyIndUK could serve as a model for other countries looking to regulate and support their burgeoning psychedelic sectors​.

Conclusion: A New Era for Psychedelic Medicine in the UK

The launch of PsyIndUK marks a critical step toward creating a sustainable and regulated psychedelic industry in the UK. By fostering collaboration, promoting scientific research, and advocating for responsible policy, the association is poised to shape the future of psychedelic-assisted therapies in the UK.

As the demand for mental health treatments continues to grow, PsyIndUK’s work will be crucial in ensuring that psychedelics can be safely and effectively integrated into the UK’s healthcare system. With a focus on innovation, regulation, and collaboration, PsyIndUK is leading the charge toward a new era of psychedelic medicine.



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Green Dragon dispensaries, grow facility to remain open after cash infusion

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In an unexpected turn, Green Dragon, one of the largest dispensary chains in Colorado, will keep its stores and grow facility open.

The retailer’s parent company, California-based Eaze, got an infusion of $10 million from its owner, Jim Clark, to remain operating, it announced Tuesday. Clark, the billionaire founder of the defunct tech firm Netscape, foreclosed on the company’s assets in August for $54 million.

“We’ve just been working with the new ownership group to assess what we’re doing in the future,” said Cory Azzalino, Eaze’s CEO. “It’s nothing world-shaking, but I’m excited to keep going.”

Read the rest of this story on DenverPost.com.



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Green Dragon founders fired up to “get back to where we were” with new joint

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The first dispensary chain founded by Alex Levine, Andy Levine and Lisa Leder is preparing to cease operations in Colorado, three years after they sold it.

But they have high expectations for take two — their new chain, Fired Cannabis.

“Our plan is to get back to where we were,” said Alex Levine. “It’s just a long detour.”

Read the rest of this story on DenverPost.com.



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384 flights canceled at DIA as heavy snow pelts metro Denver

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At least 384 flights were canceled and 467 delayed at Denver International Airport on Friday as heavy snow pelted metro Denver and Colorado’s eastern plains.

The Federal Aviation Administration activated a traffic management program for flights bound for DIA “due to weather/snow-ice.” The average delay for flights under this plane was one hour and 50 minutes, FAA officials said, adding that departing flight schedules also may be affected by the weather.

There were 851 total delayed and canceled flights at DIA as of 11:45 a.m., according to Flight Aware. SkyWest reported the most cancellations with 183, followed by Southwest with 124, and Frontier with 30.

Read the rest of this story on TheKnow.DenverPost.com.



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