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With $50 million from the state, Texas set to become a leader in psychedelics research
Lawmakers have approved funding clinical trials for ibogaine as a treatment for addiction and brain trauma. It comes as Texas contemplates banning THC.
MDMA-assisted therapy for PTSD is one of the more studied alternative psychedelic treatment protocols, and the FDA rejection was a huge blow to private industry, likely leading some to rethink investment in this area,” she said. Stanford Medicine conducted a study in 2024 that found “ibogaine, when combined with magnesium to protect the heart, safely and effectively reduces PTSD, anxiety and depression and improves functioning in veterans with” traumatic brain injury. New additions include Margaret Spellings, former U.S. secretary of education and CEO of the Bipartisan Policy Center; Michael Curry, former presiding bishop and primate of The Episcopal Church; Beto O’Rourke, former U.S. Representative, D-El Paso; Joe Lonsdale, entrepreneur, founder and managing partner at 8VC; and Katie Phang, journalist and trial lawyer.
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