Author Topic: The War on Drugs  (Read 249585 times)


DougMacG

  • Power User
  • ***
  • Posts: 12689
    • View Profile
Re: The War on Drugs
« Reply #501 on: September 10, 2019, 06:33:37 AM »
That seems terrible.  Maybe he will get out with a Trump pardon.  My proposal is to rate all the prisoners on all the factors, for prison budget and space purposes if nothing else, and let one out for every new one we put in.  How bad was their offense?  How bad was their prior record?  How long have they served?  How likely are they to re-commit? etc.  What is the cost/benefit of holding them longer.  This is just one more example of what government does badly.

On the other side of it, I am amazed at how small the penalties are for certain crimes.  This man sitting in a cell for decades shows us that no one is really looking at the big picture or the details or the consistency of it over time.

ccp

  • Power User
  • ***
  • Posts: 10813
    • View Profile
Coulter: reminds us why we had a war on drugs in the first place
« Reply #502 on: September 13, 2019, 08:03:44 AM »
http://www.anncoulter.com/columns/2019-09-11.html#read_more

It took Coulter to state the obvious .

Anyone born after 2000 would never know anything she reminds about listening to the leftist do gooders now.
 (and including Jarrod)

now of course many place all this in the addiction is a disease category

if violent crime stays down it will because the criminals are moving to electronic modes of crime instead.

G M

  • Power User
  • ***
  • Posts: 18060
    • View Profile
Re: Coulter: reminds us why we had a war on drugs in the first place
« Reply #503 on: September 13, 2019, 04:58:53 PM »
Violent crime isn't staying down.


http://www.anncoulter.com/columns/2019-09-11.html#read_more

It took Coulter to state the obvious .

Anyone born after 2000 would never know anything she reminds about listening to the leftist do gooders now.
 (and including Jarrod)

now of course many place all this in the addiction is a disease category

if violent crime stays down it will because the criminals are moving to electronic modes of crime instead.

DougMacG

  • Power User
  • ***
  • Posts: 12689
    • View Profile
Re: Coulter: reminds us why we had a war on drugs in the first place
« Reply #504 on: September 14, 2019, 07:44:01 AM »
http://www.anncoulter.com/columns/2019-09-11.html#read_more
It took Coulter to state the obvious.
...

Yes.  We got tough on crime in black neighborhoods to protect black victims.  Someone has to correct Democrats on their false memory syndrome.  Next is for someone to expose the Democrats massive welfare system's role in perpetuating poverty that leads to drugs and violence.  We've only known about the connection for about 50 years.

Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 51749
    • View Profile
WSJ: Does Getting Stoned Help You Get Toned?
« Reply #505 on: October 02, 2019, 12:29:40 AM »



Does Getting Stoned Help You Get Toned? Gym Rats Embrace Marijuana
Fitness junkies are making weed a part of their workout routines; ‘feel the blood flow through each specific muscle’
Nutritionist Pauline Nordin says cannabis cookies help her recover from her punishing workouts. Photo: Pauline Nordin
By Rob Copeland
Sept. 29, 2019 1:13 pm ET

Pauline Nordin is a trainer, model and licensed nutritionist. Earlier this year, she replaced the frozen peas in her freezer with 2,000 cookies.

The shortbread treats are laden with cannabis—the equivalent of about 1,500 joints. Ms. Nordin, 37 years old, says she can’t recover from her punishing workouts without them. She eats two each night before turning in.

“My lifestyle is a Ferrari and my body is a well-tuned machine,” she says. “I would never do something destructive.”

As marijuana moves into the mainstream, more athletes and fitness junkies are making weed a part of their workout routines. The burning question: Are they onto something—or just on something?
Workout aid?

Many workout fiends insist that a few drags add an extra hit to their workouts. They say it helps them ignore pain, stem off boredom and concentrate on small muscle groups that require repetitive movements.

Eleven states have legalized marijuana for adults, while twice as many allow it to treat certain medical conditions. Canada last year legalized it countrywide.

In May, a nonprofit representing more than 100 former professional athletes, including boxer Mike Tyson and cyclist Floyd Landis, petitioned the world antidoping authority to remove marijuana from its list of banned substances. Some ultramarathoners say it helps them through long races. The aroma of weed is common these days at San Francisco boot-camp fitness classes, Denver climbing walls and jiu jitsu tournaments.

“I’ll have a toke before the gym,” says Peter Kloczko, 29, of London, Ontario, “and it’s like, damn, I’m on point today.”
Share Your Thoughts

Weed and weights: Good idea or ridiculous? Join the discussion below.

Los Angeleno Artemus Dolgin, 35, at times smokes as many as 14 joints a day, many on the stoop of his gym or at home while bench pressing. Mr. Dolgin, who describes his profession as “hustler,” says it pumps up his biceps, and his self-confidence.

“You definitely feel the blood flow through each specific muscle,” he says. “The epitome of muscle building is the mind-muscle connection, which doesn’t come right away. Weed really enhances that.”

Keith Humphreys, a professor of behavioral sciences at Stanford University who specializes in addiction, says: “There’s no evidence of that whatsoever. Sort of by definition, we are not good at observing our behavior when we are under the influence of a drug.”
Sam Moses says he switched from dietary supplements and even steroids to marijuana. Photo: Sam Moses

Harvard University researchers have found that smoking marijuana raises the resting heart rate and carries other health risks.

The World Anti-Doping Agency, based in Montreal, includes marijuana on its list of banned substances for athletes competing in the Olympics and other international competitions. “Cannabis can cause muscle relaxation and reduce pain during post-workout recovery. It can also decrease anxiety and tension, resulting in better sport performance under pressure,” the agency says on its website.

The other reason WADA is harsh on weed: It might contribute to injury. The drug, it says, “can increase focus and risk-taking behaviors, allowing athletes to forget bad falls or previous trauma in sport, and push themselves past those fears in competition.”

Sam Moses of Daytona Beach, Fla., can relate. He says he was regularly using dietary supplements and even steroids when his deceased sister appeared to him in a dream. “She said, ‘Don’t worry about it, it’s just weed. It’s natural. You know your limits,’ ” says Mr. Moses, 26.

Mr. Moses, an emergency-medicine student and dedicated powerlifter, took that as a green light to switch to grass. One problem: He began getting confused about balancing weight evenly across a barbell. He recently was squatting 315 pounds of weight when he heard a crack and felt a whoosh of pain at his waist. “And that’s about when I went: F—- it, I’m getting more stoned,” he says.

Former athletes looking to reverse the ban argue that many stoners have it wrong: Weed doesn’t provide a sporting edge. While marijuana and other cannibanoids support wellness “by aiding in pain relief and rest,” the athletes wrote in a petition, “there is no evidence that they enhance sport performance.”

A series of Brazilian jiu jitsu tournaments, dubbed “High Rollerz BJJ,” aren’t waiting around for a reversal. The organization requires opponents to smoke a joint together before the start of each match. The tournament prize is a brick of pot. The audience is encouraged to light up, too.
Paul Roney says he works out right away after getting high so he doesn’t fall asleep. Photo: Paul Roney

Electrician Paul Roney discovered yet another risk to mixing weed and weights. A few weeks ago, the 45-year-old consumed a bit more than usual and then ran into a buddy at the gym. He wound up forgetting to exercise altogether.

“You have to go straightaway if you smoke a fattie,” he advises. “Wait an hour and you’re just going to be asleep on the floor.”

One thing he likes, though, is that it gives him the munchies when it’s time to load up on healthy fare such as egg whites, boiled chicken and oat bran. “You can eat all of your diet food,” he says.

Ms. Nordin, the nutritionist who emptied her freezer for the habit, estimates that 5% of her daily calorie intake is cannabis cookies, sold under the brand Dr. Norm’s.

The siblings who run the company say they named it after their late father, a dermatologist. They say they have no idea what he thought about the benefits of marijuana. He did believe, however, that laughter was the best medicine.



Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 51749
    • View Profile
WSJ: The Marijuana Vaping Nexus
« Reply #508 on: December 27, 2019, 01:18:05 PM »
The Vaping-Marijuana Nexus
Another unintended consequence of celebrating pot use.
By The Editorial Board
Dec. 25, 2019 1:43 pm ET
Opinion: Vaping and Marijuana Are a Dangerous Combination

As marijuana use has become more socially accepted in the United States, those pushing for legalization should examine the recent harm that vaping has inflicted on thousands of people, many of whom were using marijuana products. Image: Tony Dejack/AP

A surge in vaping related lung illnesses this year caught the medical community by surprise, with the Centers for Disease Control and Prevention (CDC) reporting more than 2,500 lung illnesses and 54 deaths. Politicians are targeting e-cigarettes, but the CDC reported last week that marijuana is so far the greatest common denominator.

This is another reminder that America is undertaking a risky social experiment by legalizing and especially destigmatizing cannabis, and the potential effects are hard to foresee or control. The same political culture that is in a fury over legal opioids, and is trying to bankrupt drug companies as compensation, seems to have no problem celebrating a drug that may be damaging young brains for a lifetime.

In October the CDC reported that 86% of 867 patients with available data had used products containing THC shortly before the onset of their symptoms while 64% reported using nicotine products. Only 11% reported using exclusively nicotine e-cigarettes. The CDC has also found that Vitamin E acetate, which is often added as a thickener to marijuana vaping fluids, is a “very strong culprit.”

Democratic Governors such as New York’s Andrew Cuomo and California’s Gavin Newsom, who have supported legalizing marijuana, are attacking nicotine e-cigarettes while ignoring the striking links to marijuana. Yet pot products unlike those with nicotine are only lightly regulated by the 11 states where cannabis has been legalized for recreational use.

One vaping-related death last month was linked to a device purchased from a legal pot shop in Oregon. A state audit this year found only 3% of recreational marijuana retailers had been inspected, and state marijuana production is seven times higher than consumption. The implication is that most pot grown in Oregon is exported to states where it is illegal.

One argument for legalizing and regulating pot is that it would shrink the black market, but there’s little evidence that it has. The California Department of Food and Agriculture found that only 16% of the 15.5 million pounds of marijuana produced in the state each year is also consumed in the state.

An audit by the United Cannabis Business Association this year turned up 2,835 unlicensed dispensaries in California—more than three times the number that are licensed. The California Department of Public Health since June has linked more than 120 cases of lung illness to recently purchased vape-pens including many bought at unlicensed shops.

Teens can’t legally purchase pot in any state, but a survey by Monitoring the Future this month found that youth marijuana vaping has nearly tripled since 2017. While overall pot use has remained flat for the past two years, daily use has increased by two-thirds. This is especially troubling since chronic use of marijuana in adolescents has been linked to cognitive impairment, anxiety and psychosis later in life.

About 95% of heroin and cocaine users report first using pot, and studies show that marijuana users require more opioid medication to cope with pain than non-users. Like all drugs, marijuana has different effects on different users that are still not well understood. While some say pot helps them relax, it can cause paranoid tendencies in others.

Older generations don’t realize that the pot grown and sold today is on average four to five times more potent than what they smoked in college. There’s also a misconception that pot is no more addictive than alcohol. About 40% of people who used pot in the last month used it daily compared to 10% of alcohol drinkers.

***
Political leaders and cultural trend-setters have removed the social stigma around pot use, so it is socially acceptable even where it remains illegal. Rarely can you take a walk in New York City without marijuana smoke wafting into your nostrils.

While tobacco and e-cigarettes are denounced, smoking a joint is chill, man, and young people get the message. A mere 30.3% of 12th graders this year said smoking pot regularly was risky, down from 77.8% in 1990 and 52.4% a decade ago, according to the Monitoring the Future study. Teens say pot is less risky than e-cigarettes (38%) and easier to obtain (78.4%) than regular cigarettes (72.4%).

A large business lobby is now pushing for pot legalization. The rash of vaping deaths and illnesses shows that pot is more dangerous than people realize, and Americans should pause on the rush to legalize until we understand how much medical and social harm it is doing.

G M

  • Power User
  • ***
  • Posts: 18060
    • View Profile
Re: WSJ: The Marijuana Vaping Nexus
« Reply #509 on: December 27, 2019, 05:35:13 PM »
Our finest Libertarian theorists told us this was UNPOSSIBLE!!!!!!!


The Vaping-Marijuana Nexus
Another unintended consequence of celebrating pot use.
By The Editorial Board
Dec. 25, 2019 1:43 pm ET
Opinion: Vaping and Marijuana Are a Dangerous Combination

As marijuana use has become more socially accepted in the United States, those pushing for legalization should examine the recent harm that vaping has inflicted on thousands of people, many of whom were using marijuana products. Image: Tony Dejack/AP

A surge in vaping related lung illnesses this year caught the medical community by surprise, with the Centers for Disease Control and Prevention (CDC) reporting more than 2,500 lung illnesses and 54 deaths. Politicians are targeting e-cigarettes, but the CDC reported last week that marijuana is so far the greatest common denominator.

This is another reminder that America is undertaking a risky social experiment by legalizing and especially destigmatizing cannabis, and the potential effects are hard to foresee or control. The same political culture that is in a fury over legal opioids, and is trying to bankrupt drug companies as compensation, seems to have no problem celebrating a drug that may be damaging young brains for a lifetime.

In October the CDC reported that 86% of 867 patients with available data had used products containing THC shortly before the onset of their symptoms while 64% reported using nicotine products. Only 11% reported using exclusively nicotine e-cigarettes. The CDC has also found that Vitamin E acetate, which is often added as a thickener to marijuana vaping fluids, is a “very strong culprit.”

Democratic Governors such as New York’s Andrew Cuomo and California’s Gavin Newsom, who have supported legalizing marijuana, are attacking nicotine e-cigarettes while ignoring the striking links to marijuana. Yet pot products unlike those with nicotine are only lightly regulated by the 11 states where cannabis has been legalized for recreational use.

One vaping-related death last month was linked to a device purchased from a legal pot shop in Oregon. A state audit this year found only 3% of recreational marijuana retailers had been inspected, and state marijuana production is seven times higher than consumption. The implication is that most pot grown in Oregon is exported to states where it is illegal.

One argument for legalizing and regulating pot is that it would shrink the black market, but there’s little evidence that it has. The California Department of Food and Agriculture found that only 16% of the 15.5 million pounds of marijuana produced in the state each year is also consumed in the state.

An audit by the United Cannabis Business Association this year turned up 2,835 unlicensed dispensaries in California—more than three times the number that are licensed. The California Department of Public Health since June has linked more than 120 cases of lung illness to recently purchased vape-pens including many bought at unlicensed shops.

Teens can’t legally purchase pot in any state, but a survey by Monitoring the Future this month found that youth marijuana vaping has nearly tripled since 2017. While overall pot use has remained flat for the past two years, daily use has increased by two-thirds. This is especially troubling since chronic use of marijuana in adolescents has been linked to cognitive impairment, anxiety and psychosis later in life.

About 95% of heroin and cocaine users report first using pot, and studies show that marijuana users require more opioid medication to cope with pain than non-users. Like all drugs, marijuana has different effects on different users that are still not well understood. While some say pot helps them relax, it can cause paranoid tendencies in others.

Older generations don’t realize that the pot grown and sold today is on average four to five times more potent than what they smoked in college. There’s also a misconception that pot is no more addictive than alcohol. About 40% of people who used pot in the last month used it daily compared to 10% of alcohol drinkers.

***
Political leaders and cultural trend-setters have removed the social stigma around pot use, so it is socially acceptable even where it remains illegal. Rarely can you take a walk in New York City without marijuana smoke wafting into your nostrils.

While tobacco and e-cigarettes are denounced, smoking a joint is chill, man, and young people get the message. A mere 30.3% of 12th graders this year said smoking pot regularly was risky, down from 77.8% in 1990 and 52.4% a decade ago, according to the Monitoring the Future study. Teens say pot is less risky than e-cigarettes (38%) and easier to obtain (78.4%) than regular cigarettes (72.4%).

A large business lobby is now pushing for pot legalization. The rash of vaping deaths and illnesses shows that pot is more dangerous than people realize, and Americans should pause on the rush to legalize until we understand how much medical and social harm it is doing.

ccp

  • Power User
  • ***
  • Posts: 10813
    • View Profile
Re: The War on Drugs
« Reply #510 on: December 28, 2019, 08:42:55 AM »
I like e cigarettes for people who have trouble quitting smoking cigarettes
but not for kids being cool

We have had nicotrol inhalers by prescription for many yrs

Allowing them over the counter has made  more problems than solving problems it seems.

But probably another good way to tax the shit out of people which is the ultimate source of power for those "who serve" in government.






ccp

  • Power User
  • ***
  • Posts: 10813
    • View Profile

DougMacG

  • Power User
  • ***
  • Posts: 12689
    • View Profile
Re: Pete has the answer - going for the drug crowd vote
« Reply #512 on: December 30, 2019, 11:13:03 AM »
legalize all drugs

https://disrn.com/news/pete-buttigieg-calls-for-decriminalization-of-all-drugs

I wonder if Little Peter has thought through the consequences of legalizing prescription drugs - isn't that part of 'all' drugs?  Maybe decriminalize other 'medical' treatments by street and sidewalk professionals as well.  Let the market sort it out.

I kind of like the idea; it would break down the entire medical cabal, no offense to our ccp.

My point is, this will never happen.  Pete hasn't thought that far through it.  He is just blowing smoke and pandering for votes. 

Cooking up a little meth for friends and family has HUGE environmental, health and safety risks, is a form of vandalism in that it can get a house condemned - and we are going to legalize it??  Maybe we can save money by building prisons with no doors, locks or guards, make attendance voluntary - right while we make government service mandatory. 

The idea that we are "over-incarcerating" is a myth.  These people aren't doing life for minor possession of harmless substances.  Turning the supply chain over to the government is not legalizing it.  Decriminalizing small amounts has not taking organized crime or violence out of the business.

Require people to take responsibility for their own heathcare before we start encouraging reckless body and brain experimentation.

Securing the border would do more than any of these ideas to get the crime out of the drug trade.

ccp

  • Power User
  • ***
  • Posts: 10813
    • View Profile

Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 51749
    • View Profile
Los Angeles to dismiss 66,000 drug convictions
« Reply #514 on: February 13, 2020, 11:57:59 PM »


Los Angeles to Dismiss 66,000 Marijuana Convictions
Largest such move in California comes amid nationwide push for criminal-justice reform and relaxing drug laws

California voters legalized recreational marijuana use in 2016.
PHOTO: JOSH EDELSON/ASSOCIATED PRESS
By Christine Mai-Duc and Dan Frosch
Updated Feb. 13, 2020 5:00 pm ET

Los Angeles County will vacate nearly 66,000 marijuana convictions dating back to the 1960s, part of a growing national effort to reduce drug convictions.

The move, announced Thursday by Los Angeles County District Attorney Jackie Lacey, will dismiss convictions for tens of thousands of individuals, the majority of whom are black or Latino.

“As a result of our actions, these convictions should no longer burden those who have struggled to find a job or a place to live because of their criminal record,” Ms. Lacey said in a press conference Thursday.

She said she believed it is the largest mass dismissal of cannabis cases to date in California.

Of the cases, about 62,000 were felony convictions that prosecutors asked a Los Angeles Superior Court to dismiss this week. Another 3,700 were misdemeanor possession charges stemming from 10 L.A. County cities.

California voters legalized recreational marijuana use in 2016 with a ballot measure that also made individuals previously convicted of growing, possessing, selling or transporting marijuana eligible for reduced sentences.

But the process for seeking relief from courts has been criticized by advocates as onerous and so far only about 3% of those eligible statewide have received it, according to nonprofit group Code for America.

A state law signed by former Gov. Jerry Brown in 2018 required the California Department of Justice to compile a database of individuals who may be eligible to have their old marijuana pot cases reviewed—a number the department estimates to be about 190,000 individuals. Under the law, counties are also required to review those cases by July of this year, though not necessarily to dismiss any.

Ms. Lacey, who runs the country’s largest district attorney’s office, had previously said her team wouldn’t automatically clear drug convictions. In a statement after Proposition 64’s passage, Ms. Lacey encouraged those affected to petition the courts “rather than wait for my office to go through tens of thousands of case files.”

But the process has moved more quickly since her office began working with Code for America, which developed software that identifies people who may be eligible to have past convictions overturned in states where marijuana is now legal or will be legal. For more than a year, the group has worked with five California counties—Los Angeles, San Francisco, Sacramento, San Joaquin and Contra Costa—as part of a pilot program to review old pot cases.

In 2019, then San Francisco District Attorney George Gascón said his office cleared 8,132 marijuana-related convictions as a result of the pilot program. Last month, Contra Costa County District Attorney Diana Becton said that her office would dismiss 3,264 marijuana convictions.

The L.A. County cases that were overturned resulted in approximately 53,000 people being cleared. Of those, 32% are African-American, 20% are white, 45% are Latino and 3% are other or unknown, Ms. Lacey and Code for America said.

With the pilot program done, Code for America has made its software available to all of California’s 58 counties.

The group is also teaming up with the top prosecutor in Cook County, Illinois, which includes Chicago, to review old marijuana convictions there.

Ms. Lacey is running for re-election in a race in which her leading opponent is Mr. Gascón, who left his San Francisco office last year. He has said that she is not active enough on criminal-justice reform, a key plank of his campaign.

A spokesman for Ms. Lacey’s campaign said that Ms. Lacey began the program that led to Thursday’s dismissals last April. “The facts and the timeline show that this decision was based on seeking justice for all, not politics,” he said.


Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 51749
    • View Profile
WSJ: Psychedelic Drug Start Up raises $24M ahead of IPO
« Reply #515 on: March 01, 2020, 07:56:21 PM »
Psychedelics-Drug Startup Raises $24 Million Ahead of IPO
Drugmaker is pursuing trials of hallucinogen’s efficacy for treating addiction, other mental-health conditions

JR Rahn, co-founder of MindMed, which is pursuing trials of a nonhallucinogenic treatment for addiction derived from the psychoactive compound ibogaine.
PHOTO: MINDMED
By Shalini Ramachandran
Feb. 27, 2020 11:49 am ET

Mind Medicine Inc., a psychedelics-based medicine startup backed by Shark Tank’s Kevin O’Leary, closed a $24.2 million funding round ahead of plans to go public next week.

It is the first among a new crop of companies pursuing psychedelics-based therapies to go public, in a test of investors’ appetite to back drugs that have shown promise in treating mental-health ailments but remain illegal in many countries including the U.S.

Co-founded by JR Rahn, a former Uber employee and Y-Combinator alumnus, MindMed will make a direct listing March 3 through a reverse takeover of Broadway Gold Mining on the NEO Exchange, based in Toronto.

Mr. Rahn says MindMed is developing what he hopes will become the “antibiotic for addiction,” based on a nonhallucinogenic derivative of ibogaine, a psychoactive compound that has been used for more than 50 years to treat addiction.

Ibogaine comes from iboga, a West African plant whose yellowish root bark induces powerful psychedelic experiences. Hallmarks of ibogaine trips include vivid autobiographical recalls with intense visions. Iboga has been used for centuries as part of rites of passages and healing ceremonies among various African peoples.

Ibogaine centers for addiction treatment exist outside the U.S. It has been illegal in the U.S. for more than 50 years.

Some investors are biting, including Toms Shoes founder Blake Mycoskie, Bail Capital, Cannell Capital and Grey House Partners, all of whom participated in the pre-public funding round.

Mr. O’Leary said he agreed to invest only after Mr. Rahn promised MindMed wouldn’t look to create recreational drugs and would focus solely on medicinal use. “If this can actually cure opioid addiction, that is a big, big opportunity,” Mr. O’Leary said. “Why wouldn’t I want a piece of that?”

But it will be a battle to appeal to a wider investor base, given the hurdles to getting psychedelic-inspired drugs in the hands of patients. Some investors who haven’t invested in psychedelic-based drug companies said they were wary of the governance and management issues that have plagued some Canada-listed cannabis companies, and cannabis stocks have fallen sharply in recent months. Investors also worry that access to capital will be strained as long as psychedelics remain federally illegal.

Still, MindMed sees opportunity. The company last year acquired a team developing 18-MC, an ibogaine derivative without the hallucinogenic effects. Its lead researcher, Dr. Stanley Glick, discovered 18-MC in the 1990s but struggled to find funding to test the drug on humans, even though animal trials showed promise for curing addiction.

Later this year, MindMed hopes to test 18-MC’s effectiveness on human patients suffering from opioid withdrawal in New York. The company says its Phase I trial demonstrated that 18-MC doesn’t have the negative cardiac effects that have been associated with ibogaine.

MindMed is also preparing a Phase II clinical trial in Europe to test how microdosing LSD relates to increased focus for adults with ADHD. Phase II trials test efficacy and safety. “We plan to build the largest portfolio of clinical trials for psychedelics,” Mr. Rahn said. The company says it is anticipating a valuation of $63.9 million when it goes public.

Among MindMed’s rivals are ATAI Life Sciences, which also is exploring an ibogaine-based drug treatment for addiction. The path to developing psychedelics-inspired drugs is costly. Investors believe that such companies will have to spend hundreds of millions of dollars on clinical trials, and it could take years to get federal approval.

—Gabe Johnson contributed to this article.

Write to Shalini Ramachandran at shalini.ramachandran@wsj.com

Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 51749
    • View Profile