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U.S Psilocybin Industry Opportunities

Oregon

How to open a psilocybin service

center in Oregon

 

On November 3rd, 2020 Oregon Measure 109, Psilocybin Mushroom Services Program

Initiative, was approved by the voters of Oregon. This authorized Oregon's government

to create a licensed program that aims to provide and administer psilocybin.

This measure allowed cities and counties to place referendums on ballets

so they could decide whether or not to opt out of the program. The Oregon

Health Authority will be the regulatory agency that issues these licenses.

 

How to open a psilocybin business in Oregon

There are four types of licenses available in Oregon starting January 2023.

  • Manufacturer

    • Responsible for Cultivating, and Processing the psilocybin.

  • Service Center Operator

    • Responsible for retail and providing area of administration of psilocybin.

  • Facilitator

    • A individual who facilitates the administration of psilocybin

  • Testing

    • A laboratory for testing cultivated, and manufactured psilocybin products.

 

You may only hold one manufacturers license or five service center licenses.

A person may hold one of both as well, however they may have to be separated

if deemed necessary by the Oregon Health Authority.

 

How much does it cost to open a psilocybin

service center

Oregon Health Authority will establish the fees for opening a service center. However we

can look at Oregon's cannabis industry for some speculation on the topic. Currently the

application fee for a cannabis dispensary in $4,000 however since this a brand new

industry expect the fees to be higher.
 

How big is the opportunity?

According to Market Watch and Yahoo, Massive. Since Johnson & Johnson go the first 

psychedelic treatment approved by the FDA there has been general excitement around

the industry. This would be a brand new market, and it is still federally illegal to cultivate,

possess, and distribute. However we could be seeing something akin to Prop 215 with

cannabis from California. This opportunity is massive and the potential is enormous.

How long do I have to get started?

We Recommend getting started as soon as possible! The timeline of these approach

fast. Some dates to consider are January 2, 2023, which is when they are required to

open applications and December 31, 2022 which is when the Oregon Health Authority

must adopt rules for the licensing process giving you 2022 to prepare for the first round

of psychedelic licenses anywhere in the union.

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Estimated market size

The Psychedelic Drug Market is estimated to be work $6.3 Billion by 2026 according to Yahoo, and $7.5 Billion by 2028 according to Market Watch

How to open a psilocybin Business in oregon

If you are just starting your psilocybin business, the next best step is to start a Business Plan to help educate your team and be ready to apply for a psilocybin business license. If you are ready to apply for a psilocybin Business License in Alabama, please Contact us or call our office to set an appointment to get started. You can also select another State Opportunity, or fill out our Contact Form to discuss potential strategies such as Investment or Partnership Opportunities