Attorney Don Loose discusses Arizona’s funding in psilocybin research, Arizona’s attorney filing a lawsuit over insulin price-fixing, and The Arizona Consumer Fraud Act.

0:08 – 4:20: Arizona has allocated $5 million dollars to study the effects of psilocybin, the compound found in “magic mushrooms”. The study will look at the compound’s efficacy in treating a variety of medical conditions such as depression, PTSD, substance abuse, eating disorders, etc. The panel’s recommendation will be announced on February 1, 2024.

4:22 – 8:46: The Arizona Attorney General has filed a lawsuit that contends pharmaceutical companies and pharmaceutical benefits managers (PBMs) have conspired to fix prices for insulin at artificially high levels for years. The price of insulin has increased over 1,000% over the last 20 years, which is five times higher than the general cost of living over the same 20-year period. The Attorney General claims that a handful of pharmaceutical companies and PBMs are enriching themselves at the expense of consumers.

8:58 – 12:17: The Arizona Consumer Fraud Act from 1967 allows individual consumers a legal remedy if they are defrauded by companies. The act applies to goods and services when misrepresentations or omissions exist in connection with everyday transactions.

Disclaimer: Laws change constantly. Specific legal advice should be obtained regarding any legal matter. The information contained on this website does not constitute legal advice and no attorney-client relationship is created. 

Have any questions about this topic?
We’re ready to listen.

Related Content

Arizona to Repeal the 1864 Abortion Law

Attorney Don Loose discusses the intricate timing of abortion laws in Arizona. The Arizona legislature has voted to repeal the 1864 (48 years before Arizona became a state) abortion law that has been on the books for 160 years.

Arizona’s “Tamale Bill” Signed

Attorney Don Loose discusses several of the 18 bills proposed by the Arizona Republican controlled legislature that have been vetoed by the Democratic governor so far this year.

Arizona Ballot to Consider Tax Refunds for Homeless Impact on Properties

Voters will have a chance to decide whether to give private citizens in Arizona the right to claim a tax refund if they can prove that the homeless population has negatively impacted their business or residence.

Arizona Voters to Decide on Bank Discrimination Against Firearm Entities

The legislature is putting Senate Concurrent Resolution SCR1007 on the November ballot for the voters to decide. It concerns not allowing banks in Arizona to discriminate against a firearm entity.

Pima County’s New Fine for Unreported Firearm Loss

Pima County ordinance imposes a penalty for those who do not report the loss of a firearm within 48 hours.

Explore All Articles by Practice Area:

Don Loose Author
Lawyer | Loose Law Group | View My Profile

Donald A. Loose is an Arizona attorney, and the author of Arizona Laws 101: A Handbook for Non-Lawyers, and Estate Planning in Arizona: What You Need to Know.  Mr. Loose is a regular guest on radio shows featuring local newsmaker interviews. He may be contacted at don@looselawgroup.com.