The Day After Approval: Which States Will Let Doctors Prescribe Psilocybin
FDA approval of psilocybin won't make it legal everywhere overnight. Here's how the federal scheduling step works, which states have "trigger laws" that switch on automatically, which will need new legislation in 2027, and why "crystalline polymorph" could matter now that Usona has filed.
After the Election, the Fights Move Indoors: ICER, a Courtroom and a New Drug Law for Psilocybin
A week after the midterms, the next phase of the psilocybin race is playing out somewhere quieter. ICER has opened a cost-effectiveness review of Compass's drug, a trade-secrets suit against Compass is headed for trial, the FDA has answered the House psychedelics caucus, and a retiring congressman wants to rewrite the Controlled Substances Act.
What the 2026 Midterms Mean for Psychedelics: Who Won, Who Lost, and Which Compounds Feel It
A race-by-race look at the 2026 midterm results that touch psychedelics — the Senate and House flips, the FDA's new overseers, the Texas ibogaine program's changed leadership, new governors in New Mexico, Colorado and California, and the two ballot measures that actually mentioned drugs.
MK-Ultra, Explained: What the CIA Actually Did With "Brainwashing Drugs" — and Why Congress Is Still Asking About It
The CIA spent two decades secretly testing LSD and other drugs on people who hadn't consented, looking for a way to control minds. It never found one. Here's what the declassified record actually shows — including why Congress held a hearing on it in June 2026.
Is DMT Legal in Europe? Here's the Real Answer, Country by Country
No European country has legalized DMT. But "illegal" hides a messier reality — a UK Class A charge that can mean life imprisonment, a Czech fine of about $650 for personal possession, and two ayahuasca churches that briefly won religious-freedom protection in court before losing it.
Meet the 7 People Who Actually Lobby for Psychedelics in Washington
Seven named lobbyists work the psychedelics industry's federal accounts at Conafay Group and KPM Group DC. We pulled their actual career histories — one is a textbook revolving-door case, verified job by job; two others may have moved from an outside lobbying firm straight into the companies they used to lobby for.
Only 3 of 10 Psychedelic Companies Lobby Washington. One Just Joined — Twice, in the Same Quarter.
Federal LD-2 filings show only 3 of the 10 public psychedelic companies in our money rankings have ever registered to lobby Washington. One of them, Compass Pathways, didn't show up until 2025 — and when it did, it filed two registrations at once, spending $140K in a single quarter.
150+ Patents, $113 Million Raised, 4 Employees: Inside the Company Betting It Doesn't Need to Run Its Own Trials
Terran Biosciences holds the only granted patent on a new form of MDMA, was first to patent new salts of psilocybin, and has licensing deals with Sanofi and Pierre Fabre — all reportedly with a team of four. We looked at how a company this small built a pipeline this large, and what it's actually betting on.
16 States, 7 New Laws, 11 Dead Bills, Only 2 Still Alive: We Scored the 2026 Psychedelic Legislative Session
We tracked psychedelic-related legislation in 16 states through the entire 2026 session — direct from each state legislature's own records, not secondary aggregators. Seven bills became law, eleven died without a floor vote, and only two states still have anything technically alive.
19% of American Adults Have Anxiety. Every Drug Treating It Is a Decades-Old Generic — Here's Who Wins If DT120 Changes That
No pharmaceutical company currently makes meaningful revenue from a branded anxiety drug — every major one is a decades-old generic. We looked at what happens to that market if Definium's LSD candidate DT120 actually gets approved, who's positioned to win, and which pharma giants analysts think are already circling.
The Psychedelic Money Graveyard: Renames, Reverse Mergers, and the Companies That Didn't Make It
Part two of the funding series. Behind the rankings is a much messier story — a wave of renames, a wave of consolidation, and a genuine graveyard of companies that raised real money and still didn't survive.
The Psychedelic Money Rankings: $11 Billion Public, $1.6 Billion Private, $140 Million From Governments
We tracked every public company, private funding round, and government dollar we could verify in the psychedelic-therapeutics sector. Part one is the rankings. Part two, next Friday, is the trends, the mergers, and the graveyard.
Ibogaine's Flagship Drug Hit a Cardiac Signal and a Lawsuit. A Different Drug Is Now Leading.
A company-by-company look at who holds ibogaine's 53 patents — and how the compound's original opioid-use-disorder program stalled over a cardiac safety signal and litigation, while a different drug, for a different disease, became the first ibogaine-class compound ever cleared for a US trial.
Ketamine Has More Patents Than Any Compound We Track. So Why Isn't Big Pharma More Interested?
Ketamine holds 71 granted patents in our tracker — more than psilocybin, more than MDMA, more than anything else. Almost all of them trace to one drug. Here's why the compound with the biggest head start isn't getting the psychedelic industry's gold-rush treatment.
Altitude Intelligence Brief: Who's Actually Making Money on Depression, Anxiety, and PTSD
The drugs most Americans take for depression, anxiety, and PTSD are decades-old generics that make pharma almost nothing. The real money is in five newer, still-patented drugs most patients have never heard of.
Psychedelics in Uniform: What the Military Did to Soldiers, and What the VA Is Now Asking of Veterans
The Army spent decades dosing enlisted men with psychedelics they weren't told they were taking. Eighty years later, the VA and Pentagon are running versions of the same experiment again — with consent forms, IRBs, and an executive order behind them.
LSD Has 14 Patents in Our Tracker. The Company Closest to Approval Owns One.
A company-by-company look at the smallest patent footprint of any compound on our tracker — and why Definium, the company furthest along in trials, barely shows up in it.
The 5-MeO-DMT Patent Race Has a Twist: The Clinical Leader Barely Owns Any of It
A company-by-company look at who holds 5-MeO-DMT''s 164 patents — and why the program with the strongest Phase 2b data in the field has almost none of them.
Psilocybin Has 223 Patents in Play. Here's Who Actually Holds Them.
A company-by-company look at who's patenting psilocybin, what they're actually claiming, and why one of the biggest names in the field has spent a year fighting to keep its patents alive.
677 Patents and One FDA Rejection: Mapping the Psychedelic Drug Pipeline
Our own count of who's filing patents on psilocybin, MDMA, LSD, ketamine, ibogaine, and 5-MeO-DMT — what they're claiming to treat, where they're based, and the one company that's already been told no by the FDA.
Clinical vs. Consumer: Navigating the New Psilocybin Landscape
The same compound, very different experiences. Understanding the difference between clinical and consumer use is essential.