Sacred Mushroom Closes: Psilocybin Venue Shifts to Crypto
Update: 2025-12-09
Description
The Sacred Mushroom, Portlands largest legal psilocybin venue, has permanently closed, marking a significant shift in the emerging legal psilocybin industry. The establishment, along with its parent company Kaya Holdings, is no longer listed in the states directory of psilocybin service centers. This news comes after Kaya Holdings announced a strategic pivot to become a digital asset treasury company, focusing on cryptocurrency investments. The Sacred Mushroom, which operated for eighteen months, faced challenges due to high compliance costs with state regulations.
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