Why it matters: Colorado Governor Jared Polis has signed a bill into law that regulates psychedelic substances and establishes a framework for the cultivation, testing, storage, and distribution of natural medicines.
What they are saying: The law was passed after Colorado voters approved Proposition 122 in 2022 to decriminalize psychedelics. Advocates say the law is too restrictive, while supporters believe it will help fill the treatment gap for people with mental health conditions.
The big picture: Colorado’s regulatory framework for psychedelic substances is among the first in the US and comes amid a growing recognition of the potential therapeutic benefits of natural medicines.
What to watch: The law will take effect on July 1, allowing for the cultivation, manufacture, testing, storage, transport, transfer, and dispensation of natural medicines between licensees. The state will also establish a natural medicine advisory board and a division of natural medicine to oversee the industry.
Give your take: The Colorado law is a step toward broader acceptance of natural medicines as a viable treatment option for mental health conditions. However, it remains to be seen how the new regulatory framework will be implemented and whether other states will follow Colorado’s lead.
