Colorado has taken a major step in its journey toward regulated psilocybin-assisted therapy by issuing the first licenses to individuals in the emerging psilocybin industry. The state’s Department of Revenue’s Natural Medicine Division approved seven applications for cultivation and healing centers, along with one additional license for a local industry worker. While these approvals mark significant progress, businesses must still secure official licenses before operations can begin.
This milestone follows the passage of Proposition 122, also known as the Natural Medicine Health Act, in November 2022. The act decriminalized personal use and possession of psilocybin for adults over 21 and set up a framework for regulated therapies and licensed facilities. Colorado joins Oregon as one of the first states to legalize and regulate psilocybin treatments. Regulators anticipate public access to these therapies as early as spring.
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