From Coast to Coast, Regions are Decriminalizing Natural Psychedelics
VANCOUVER, BC / ACCESSWIRE / February 12, 2020 / Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF), an investment company, on behalf of its subsidiary, Titan Shrooms and Psychedelics, is pleased to provide an overview of the rapidly changing environment for natural psychedelics in the USA.
There is a growing body of scientific research, as reported by 60 Minutes,1 indicating that psilocybin can be used to effectively treat mental illnesses such as anxiety, depression and PTSD - and more so where these conditions are entrenched and current drugs are not proving effective. A study reported in the journal Nature,2 showed that 47% of patients with treatment resistant depression who received psilocybin were showing positive outcomes 5 weeks post treatment.
In addition, the FDA has granted "breakthrough therapy" status to both the Usona Institute and Compass Pathways, allowing clinical trials to advance - a measure the organization deploys where evidence indicates there could be substantial improvement over currently available treatments.3
As a result of this movement, stigmas are being reduced and cities and regions are moving quickly to decriminalize natural psychedelics such as psilocybin including:
- Santa Cruz, California
- Denver, Colorado
- Oakland, California
Pending measures underway in:
- Chicago, Illinois
- Oregon
- Iowa
- Vermont
- Michigan
- Washington, D.C.
"Although in early stages, this rapidly developing field is being validated by the medical establishment, legislative bodies and most importantly patients who are seeing benefits," said Mr. George Tsafalas. "Titan Shrooms and Psychedelics is working to add to its portfolio so that Code shareholders can benefit from the continued acceptance and growth in this sector."
2 https://www.nature.com/articles/s41598-017-13282-7
3 https://pharmaphorum.com/news/fda-tags-psilocybin-drug-as-clinical-depression-breakthrough-therapy/
About Codebase Ventures Inc.
Codebase Ventures Inc. is an investment company, led by technology and business experts who invest early in great ideas in sectors that have significant upside, including the cannabis sector. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow's standards with platforms, protocols and innovations - not just products. We invest early, support those founders, take their ideas to market and work tirelessly to help them realize their vision.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Ivy Lu, Investor Relations or George Tsafalas, CEO
Telephone: 1 (778) 806-5150
E-mail: [email protected]
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SOURCE: Codebase Ventures Inc.