An Act regulating the safe use of psilocybin

This bill establishes a pilot program in Massachusetts to regulate the safe use of psilocybin for treating mental health and substance use disorders. It creates a funding source to support qualified healthcare providers who have received federal approval to offer psilocybin-assisted therapy to eligible patients. Additionally, the legislation forms a new advisory board to oversee the program's development, ensure safety standards, and plan for future regulations once federal approval is granted.