Study Reveals Proliferation of Psilocybin Dispensaries in Canadian Urban Centers

0.8 min readPublished On: April 4th, 2025By

LOS ANGELES- A recent study published in JAMA Network Open has identified 57 psilocybin dispensaries operating across 35.7% of major Canadian urban centers as of May 2024. The majority of these establishments are located in Ontario and British Columbia, provinces that collectively represent 52.5% of Canada’s population.

The study highlights that many of these dispensaries are making unsubstantiated health claims regarding psilocybin’s efficacy in treating various mental health conditions. Specifically, approximately 81.8% of the dispensaries’ websites suggest that psilocybin can alleviate social anxiety and generalized anxiety disorder, while 77.3% claim significant reductions in depressive symptoms. These assertions lack robust scientific validation, raising concerns among health professionals about potential misinformation.

Despite the legal status of psilocybin in Canada, where its sale and possession for recreational use remain prohibited, the emergence of these dispensaries mirrors the trajectory observed in the cannabis market prior to its legalization. Enforcement against illegal psilocybin sales has not been a primary focus for law enforcement agencies, as efforts are concentrated on substances more directly linked to overdose fatalities.

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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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