IA HF2085

Amends Iowa Code Section 124.401 to allow legal possession, use, dispensing, delivery, and administration of psilocybin when conducted in accordance with new chapter 124F

Creates a regulatory framework administered by the Department of Health and Human Services, including a Psilocybin Production Establishment Licensing Board to oversee cultivation facilities and testing laboratories

Restricts psilocybin administration to qualified medical providers including physicians, physician assistants, and advanced practice nurses who must register with the department

Defines key terms including "psilocybin product" (dried mushroom portions for oral consumption), "adverse event" (injury during or within 24 hours of administration session), and prohibited "community locations" (schools, churches, libraries, playgrounds, parks)

Establishes an inventory control system and registration card requirements for psilocybin production establishment agents working at cultivation facilities or testing laboratories