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Challenges in Funding Research on Psychedelic Compounds
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33:42 - 38:41 (04:59)

Due to the Controlled Substance Act of 1971, it has been challenging to secure federal funding for research on psychedelic compounds, forcing scientists to seek funding from philanthropists and write grants for unrelated work to sustain themselves. To accelerate therapeutic breakthroughs, government agencies like NIMH and NIH need to provide funding to cover clinical and basic research on psychedelic compounds.

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Lack of funding may have been a hindrance in psychedelic research in the past but now with more resources available, advancements in the scientific understanding of psychedelics, growth in the pharmaceutical implementation of psychedelic medicines, and decriminalization allowing people to cultivate psychoactive plants and fungi for their own rituals and communities are all possible in the future.
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