Psilocybin License Application in Oregon– What does it take to win a license?
In November 2020, Oregon became the first U.S. state to legalize Psilocybin with the passage of Measure 109. The Oregon Health Authority (OHA) now has two years to develop rules and regulations for the implementation of a regulated psilocybin industry in Oregon (But don’t wait! Start working on your Psilocybin License Application today).
How exciting is this? The global psychedelic drugs market, as reported by Data Bridge Market Research North America, is expected to reach USD $6.85B by 2027 (CAGR of 15.8%). If you’re a savvy entrepreneur or investor, you’re probably wondering how you can get a piece of this growing pie.
For starters, you can start or invest in a business that will operate within the psilocybin industry. The following article is the first in a series of articles that will focus on helping interested parties become psilocybin business owners in Oregon.
How to start a Psilocybin Business?
Simply put, to start or operate a psilocybin business, you must win a psilocybin license (similar to the licensing of cannabis businesses). To win a license, you must put together a competitive Psylocybin License Application. Unfortunately, applying for a license is a time consuming, capital intensive, and risky process.
We understand how it feels to apply for a license with limited time and resources. Quantum 9’s licensing experts have won cannabis licenses for clients across the globe. Now, we’re excited to assist entrepreneurs and investors in winning psilocybin licenses. More specifically, we can assist you in developing a highly competitive Psilocybin License Application that will increase your chances of winning a psilocybin license. Whether you need help writing the application, recruiting a team, or designing your facility, our licensing consultants have the expertise to assist.
To demonstrate, continue reading for insightful information that will help guide you in crafting a Psilocybin License Application.
Oregon will issue Four Types of Psilocybin Licenses
To begin, the first step in applying for a psilocybin license is to know what types of licenses are available. In short, the OHA will issue four types of licenses that will allow you to:
- Manufacture psilocybin products;
- Operate a psilocybin service center;
- Facilitate psilocybin services; and
- Test psilocybin products.
Equally important, licenses will be awarded by the OHA on or before January 2, 2023. Below is a further description of the four license types.
Psilocybin Manufacturing License
As stated in Measure 109, a psilocybin Manufacturing license allows a business to “manufacture, plant, cultivate, grow, harvest, produce, prepare, propagate, compounding, conversion or processing of a psilocybin product, either directly or indirectly by extraction from substances of natural origin, or independently by means of chemical synthesis, or by a combination of extraction and chemical synthesis, and includes any packaging or repackaging of the psilocybin product or labeling or relabeling of its container.”
In simpler terms, a Psilocybin Manufacturing License allows you to produce psilocybin products from fungi or through chemical synthesis.
Important to note, that outdoor psilocybin manufacturing is prohibited. Are you interested in applying for a License to Manufacture Psilocybin Products? If so, speak with our psilocybin licensing experts to learn how we can help you develop a winning Psilocybin License Application.
Psilocybin Service Center License
A Psilocybin Service Center License will allow establishments to administer psilocybin sessions and provide related services. In other words, a Psilocybin Service Center License is the location where individuals would go to receive their psilocybin therapy.
In summary, the psilocybin services that one may receive at a Psilocybin Service Center include:
- a preparation session;
- an administration session; and
- an integration session.
Specifically, the preparation session is a meeting between the client and a psilocybin facilitator before the psilocybin is administered. During the administration session that will occur at the Psilocybin Service Center, the client will purchase, consume, and experience the effects of a psilocybin product under the supervision of a psilocybin service facilitator. Upon completion of the psilocybin administration session, the client and the psilocybin service facilitator will have a meeting to help the client integrate back into a sober state and their normal activities (known as the integration session).
Psilocybin Service Facilitator License
The OHA will issue Psilocybin Service Facilitator Licenses to individuals who will conduct the psilocybin services mentioned above. In other words, think of the psilocybin service facilitator as the “guide” who would be present during your psilocybin experience.
Would you like help with your Psilocybin License Application? We can help you become a Psilocybin business owner while saving you headaches.
Psilocybin Testing Laboratory License
Finally, the fourth type of license is for testing laboratories in Oregon. The Psilocybin Testing License, not surprisingly, allows establishments to test psilocybin products.
More specifically, psilocybin products must be tested for:
- Microbiological contaminants
- Other contaminants;
- Solvents or residual solvents; and
- Psilocybin concentration.
Also, Psilocybin testing laboratories in Oregon must receive accreditation under ORS 438.605 to 438.620 and meet all requirements set out by the OHA.
Restrictions Surrounding Psilocybin License Applications
Equally important as knowing the types of licenses, you must be familiar with restrictions that may prevent you from receiving a license.
First, an individual cannot have a financial interest in more than one psilocybin product manufacturer or more than five psilocybin service center operators. However, a person can hold multiple service center operator licenses. Also, a person can hold both a manufacturer license and a service center operator license at the same or different premises.
Also, the OHA will not issue you a license if you:
- Are under the age of 21;
- Have a “habit of using alcoholic beverages, habit-forming drugs, or controlled substances to excess”;
- “Have been convicted of violating a federal law, state law, or local ordinance if the conviction is substantially related to the fitness and ability of the applicant to lawfully carry out activities under the license”;
- Lack of moral character; or
- Have no ownership in the proposed premises for your Psylicybin Business.
Lastly, the intricate details and requirements of the Psilocybin license application process are tedious. Missing or overlooking any of these requirements can immediately disqualify your application. That is why you should speak with one of our psilocybin licensing experts at Quantum 9. Save time and reduce your risks by scheduling an appointment today.
**This article is part of a series of articles focused on helping entrepreneurs and investors develop competitive Psilocybin License Applications. Thus, stay tuned for more helpful content**