- Red Light Holland (TRIP) has released its updated plan to enter Oregon’s psilocybin market
- Its Red Light. Set. Go! program will advise and fund Oregonian entrepreneurs interested in the space
- The state’s Measure 109 will open psilocybin services to Oregonians 21 years and older without the need for medical diagnosis
- Halo Collective and the company have agreed to dissolve Red Light Oregon
- Red Light Holland is engaged in the production, growth and sale of magic truffles
- Red Light Holland (TRIP) is unchanged trading at $0.075 per share
Red Light Holland (TRIP) has released its updated plan to enter Oregon’s psilocybin market.
The market will be created by adopting Measure 109, which will open psilocybin services to Oregonians 21 years and older without the need for medical diagnosis.
The company has created its Red Light. Set. Go! program to advise and fund Oregonians interested in entering the psilocybin space. It believes the program will enhance shareholder value and increase its Mycelium network.
Shunji Smith, a Japanese-American mushroom grower, teacher and small business owner from Eugene, Oregon, has joined Red Light under the program.
On December 31, 2022, the Oregon Health Authority will prescribe forms and regulations for Measure 109’s implementation.
“We noticed a big gap between Measure 109’s intentions and what we are seeing on the ground when it comes to promoting diversity and equity,” stated Todd Shapiro, Red Light Holland’s CEO. “The regulations are complex and entering the market requires initial capital that most individuals wishing to enter do not have access to.”
Dissolution of Red Light Oregon
Red Light is also announcing that Halo Collective and the company have agreed to dissolve Red Light Oregon.
Red Light Holland is engaged in the production, growth and sale of magic truffles.
Red Light Holland (TRIP) is unchanged trading at $0.075 per share as of 12:24 pm EST.