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Psilo Psybin Applies for Psychedelics Research License; Says Medical Psychedelics Could Be Bigger Than Cannabis

Gauteng cultivator wants SAHPRA pyschedelics license

Psilo Psybin founder Gabriel Theron has applied for a psychedelics research license and says the use of medical psychedelics may eventually be bigger than cannabis.
Theron, who’s a licensed cannabis cultivator in Gauteng, intends listing his company on the JSE and possibly abroad, to raise funds for cannabis and psychedelics research and product manufacture.
The South African Health Products Regulatory Authority (SAHPRA) is mulling the psychedelics research issue, which internationally has been one of the biggest developments in medical science. However, there is no framework yet for regulating such research locally.
Lesotho is the only African country to have issued a pyschedelics research licence. It was awarded earlier this year to Psyence, a company that South African entrepreneur Jody Aufrichtig listed on the Toronto Stock Exchange.

Schindlers pushing for psychedelics legalization

Theron is confident the law will change to allow local psychedelics research. Schindlers Attorneys, Cannabiz Africa’s Legal Desk partners, intend pushing for psychedelics legalization along the lines of cannabis. Schindlers’ Paul Michael Keichel, told Parliament during hearings on the Cannabis for Private Purposes Bill, that new drug laws should also include provision for psychedelics.
Deutsche Welle English TV interviewed Psilo Psybin’s Theron on 29 September 2021. Note that DW misspelt Theron’s name as “Thelon”!

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