A pair of bills filed in the Washington State legislature seeks to legalize psychedelics, particularly psilocin and psilocybin, for medicinal purposes in clinical settings. One bill was filed in the state senate while the other was filed in the assembly. Both bills seek to legalize these hallucinogens for adults aged 21 or older.

The work that startups like Compass Pathways PLC (NASDAQ: CMPS) are doing is in part motivated by…

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