The inside story about a state commission that wants to spend $42 million on a controversial psychedelic drug to treat opioid addiction—and the complicated reasons why.
announced this year that his office planned to take at least $42 million from state money and use it to fund corporate research for anThe proposal—to fund development for the alternative therapy ibogaine—and the continuing mystery of Cameron’s decision, immediately became ain the state. Democrats and addiction specialists are particularly puzzled why Cameron and his allies are so insistent on studying ibogaine—an obscure, unproven, and, which is housed under Cameron’s AG office.
Reason for Hope is, as Waters told The Daily Beast, deeply committed to advancing the safe and effective development of alternative therapies to help untold millions of Americans struggling with trauma and addiction. The group has no corporate backers, Waters said. He also called Hubbard an “incredibly positive figure” in this process, one who ensured that “diverse voices” contributed to the discussion, including indigenous voices.
Yass has stakes in ATAI, which is heavily backed by another billionaire Republican megadonor, Peter Thiel. DemeRx is an ATAI subsidiary, and ATAI also owns, Yass’ firm upped its ATAI investment significantly between April 1 and June 30. That filing also shows about $3.6 million in a company called Mind Medicine, which has been conducting.
Ibogaine, like cannabis, psilocybin, and MDMA, has begun to attract attention as an alternative therapy, but with the caveat of whatas “perilous” health risks. The drug, like other psychedelic treatments, is said to help patients contend with trauma, which many addiction and behavioral scientists believe to be at the root of a large portion of drug addiction and abuse cases. .
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