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Colorado is in the process of creating a new psychedelic therapy industry. About two years ago, voters opted to decriminalize the personal use of the drug psilocybin, also known as magic mushrooms. Now the state is working on licensing 鈥渉ealing centers鈥� where people can legally consume psilocybin in a supervised setting. According to John Herrick of the Boulder Reporting Lab, Boulder officials are beginning to think about certain restrictions for these centers in the city.

Colorado鈥檚 Prescription Drug Affordability Review Board voted unanimously to proceed with setting price caps for two prescription drugs: Stelara and Cosentyx. The board鈥檚 decision starts a process, wherein it will solicit more information from doctors, industry stakeholders and patients before setting price limits on the drugs.

State officials approached 23 drugmakers in the last year about an importation program. None expressed interest in participating.

The Colorado board鈥檚 choice of drugs to review elucidates one of the thorniest questions the board must wrangle with: Would lowering the price tag for rare-disease medications lead manufacturers to pull out of the state or limit their availability?

Psilocybin, the psychoactive substance in so-called magic mushrooms, is decriminalized in Colorado, thanks to Proposition 122. But it will likely be a few years before Coloradans can access it through state-regulated clinics.

Some common pharmaceuticals may be hard to come by in the months ahead as nationwide drug shortages are likely to last well into the new year.

Tired of waiting for federal action to reduce prescription drug costs, Colorado is acting on its own 鈥� even if it must do so with one arm tied behind its back. Unable to set prices or change patent protections, the state is exploring creative legislative and administrative approaches to lower out-of-pocket costs on medications.

With high drug prices a hot election issue, drugmakers and the Trump administration are jockeying over how to bring prices down. But critics say the proposed fixes don't have enforcement teeth.

A state-by-state analysis of opioid prescriptions for people who visited emergency rooms with a sprained ankle show one in four patients were given...

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