Bill > HB1166

This bill provides a specific appropriation for psilocybin research by allocating $300,000 from the state general fund to the therapeutic psilocybin research fund for each of two consecutive state fiscal years (2025-2026 and 2026-2027). The funds will be used by the division of mental health and addiction to support research related to psilocybin, which is a psychoactive compound found in certain mushroom species that has been increasingly studied for potential therapeutic applications, particularly in mental health treatment. The appropriation is time-limited, with the section of the bill set to expire on July 1, 2027, ensuring that the funding is temporary and specifically targeted for a defined research purpose. By establishing a dedicated research fund, the bill aims to support scientific investigation into the potential medical uses and effects of psilocybin under controlled and systematic conditions.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/house/1166/details