SB23-290 Summary: Natural Medicine Health Act

• Legalizes psilocybin and psilocyn for therapeutic use in Colorado under supervised facilitation by licensed practitioners at regulated healing centers, effective July 1, 2023

• Establishes licensing framework for facilitators, healing centers, cultivation facilities, product manufacturers, and testing facilities through a state licensing authority under the Department of Revenue

• Creates a 15-member Natural Medicine Advisory Board to recommend regulations and provide guidance on training requirements, research, cultural considerations, and potential expansion to other substances like ibogaine and mescaline

• Decriminalizes personal possession and cultivation (up to 12 feet by 12 feet) for adults 21+ and allows unlicensed testing services for personal use, while prohibiting sales and commercial distribution outside the regulated system

• Provides tax deductions for licensed natural medicine businesses and protections against insurance discrimination, with an appropriation of approximately $1.8 million for fiscal year 2023-24 to implement the regulatory framework