Denver Moves Toward Licensing Psychedelic Wellness Centers and Social Clubs

0.7 min readPublished On: March 5th, 2025By

LOS ANGELES- Denver’s Department of Excise and Licenses has proposed regulations to oversee psilocybin-based wellness facilities, including yoga studios and social clubs, following Colorado’s 2022 voter-approved measure legalizing natural medicines like psilocybin.

The proposed regulations require these facilities to obtain both state and local licenses, with application and annual renewal fees set at $100 each. Facilities must maintain a 1,000-foot distance from childcare centers and schools. The Denver City Council is scheduled to vote on these regulations on February 24.

Some businesses, such as Lyman Support Centers, have been operating in a legal gray area by offering psilocybin mushrooms under the guise of natural medicine. Despite investigations, no charges have been filed against these establishments.

The introduction of a formal licensing framework aims to provide clear guidelines for businesses seeking to incorporate psilocybin into their services, ensuring compliance with state and local laws.

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The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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