DEA to Conduct Hearing on Psychedelic Substances Proposal

1.4 min readPublished On: April 4th, 2024By

LOS ANGELES- The Drug Enforcement Administration (DEA) has announced plans to hold a hearing regarding the proposed classification of two psychedelic substances, 2,5-dimethoxy-4-iodoamphetamine (DOI) and 2,5-dimethoxy-4-chloroamphetamine (DOC), as Schedule I drugs under the Controlled Substances Act. This move comes in response to significant opposition from the scientific and research community, who argue that such a classification could hinder potential therapeutic advancements.

DOI and DOC are synthetic compounds known for their potent psychoactive effects, often utilized in research to understand the serotonin system and its implications for mood, cognition, and perception disorders. The DEA’s initial proposal to classify these substances as Schedule I, indicating a high potential for abuse and no recognized medical use, faced criticism for not adequately considering the emerging evidence of their therapeutic benefits.

The growing debate highlights the tension between regulatory caution and the potential medical applications of psychedelics. Researchers argue that the proposed classification would severely limit access to these compounds, stifling ongoing and future studies into their possible benefits for treating conditions like depression, PTSD, and substance abuse disorders.

In response to the pushback, DEA Administrator Anne Milgram has sanctioned a hearing scheduled for June 10th, offering a platform for evidence-based discussion and expert opinions. This decision reflects a broader reevaluation of drug policy, potentially signaling a shift towards a more nuanced approach that balances safety concerns with the need for scientific exploration.

The outcome of this hearing could set a precedent for how psychedelics are regulated, influencing not only the future of DOI and DOC but also the broader landscape of psychedelic research and therapy. As debates continue, the importance of a balanced, evidence-informed policy that accommodates both public safety and the pursuit of medical innovation remains paramount.

About the Author: HCN News Team

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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