• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Successmagic mushrooms

A 33-year-old Portlander has spent $25,000 on a magic mushrooms business with no profit in sight. She’s trying to ‘grow as much medicine as I can.’

By
Andrew Selsky
Andrew Selsky
and
The Associated Press
Down Arrow Button Icon
April 19, 2023, 11:15 AM ET
Magic mushrooms
A vendor bags psilocybin mushrooms at a cannabis marketplace.Richard Vogel—AP Images

Oregon’s pioneering experiment with legalized magic mushrooms took a step closer to reality as the first “facilitators” who will accompany clients as they experience the drug received their state licenses, authorities said Tuesday.

Recommended Video

Voters approved the regulated use of psilocybin in a 2020 ballot measure, and anticipation has been building over the past 2 1/2 years for the day — expected to come later this year — when people can gain access to the drug that studies indicate has therapeutic value.

Hundreds of people have invested thousands of dollars apiece in this budding industry, and some worry that the rollout is proceeding too slowly.

“We thank you for your dedication to client safety and access as we move closer to opening service centers,” Oregon Psilocybin Services Manager Angie Allbee said in a statement Tuesday to three people who received the state’s first facilitator licenses.

But to date, no service centers — where customers would access psilocybin in controlled, calm environments with music, eye masks and mats — have been licensed. Nor has any laboratory where the products must be tested for potency. The psilocybin may come in the form of whole dried mushrooms, ground homogenized fungi, extracts and edible products, the Oregon Health Authority says.

Tori Armbrust applied for a license to grow magic mushrooms on Jan. 2, the first day the health authority began accepting applications. In March, she became the first person to receive a manufacturer license. Allbee at the time congratulated Armbrust “for representing women leading the way for the emerging psilocybin ecosystem.”

Armbrust paid $10,000 for the license, which is good for only one year. To renew it, she will have to pay another $10,000. Between the license fee, renting a space in Portland to grow the mushrooms and setting up utilities and other elements, the 33-year-old said she has already spent about $25,000 of her life savings.

And she has yet to earn a dime.

She is growing psilocybin mushrooms, with the first harvest expected in a few weeks, but has no one to sell them to because no service centers have been licensed. Even before any of her “psilocybe cubensis” mushrooms can go to a service center, she needs a licensed lab to test them.

“People are under a lot of pressure with all this overhead,” Armbrust said in an interview Monday. “It’s a lot of money and we have to get it going.”

Oregon Psilocybin Services, which is part of the health authority, said Tuesday that it anticipates issuing licenses to service center and lab applicants “in the coming months.”

“We’re going to have to see how it all plays out,” Armbrust said. “This is all new and nobody can say for sure what’s going to happen. So, I’m just trying my best to, on my own, grow as much medicine as I can.”

About 100 people recently completed a $7,900, six-month course at a retreat near Portland to learn how to become facilitators and earn a certificate. That enables them to then take a test administered by the health authority to receive facilitator licenses.

As of Tuesday, three manufacturing licenses and three facilitator licenses have been issued.

Oregon Psilocybin Services expects centers to open their doors and licensed facilitators to offer services sometime this fall, said health authority spokesperson Afiq Hisham.

“Many applicants are working through complex issues, such as working with their cities and counties on zoning or ensuring the proposed premises meets requirements,” Hisham said. “We are prioritizing applications in the order received and working to provide site inspections for those that are ready.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Andrew Selsky
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Economy
The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says
By Nick LichtenbergDecember 17, 2025
2 days ago
placeholder alt text
AI
Meta’s 28-year-old billionaire prodigy says the next Bill Gates will be a 13-year-old who is ‘vibe coding’ right now
By Eva RoytburgDecember 19, 2025
13 hours ago
placeholder alt text
Success
As graduates face a ‘jobpocalypse,’ Goldman Sachs exec tells Gen Z they need to know their commercial impact 
By Preston ForeDecember 18, 2025
1 day ago
placeholder alt text
Economy
‘This is a wacky number’: economists cry foul as new government data assumes zero housing inflation in surprising November drop
By Eva RoytburgDecember 18, 2025
1 day ago
placeholder alt text
Future of Work
LinkedIn CEO says it's 'outdated' to have a five-year career plan: It's a 'little bit foolish' considering the pace AI is changing the workplace
By Sydney LakeDecember 18, 2025
1 day ago
placeholder alt text
Success
Billionaire who sold two companies to Coca-Cola says he tries to persuade people not to become entrepreneurs: ‘Every single day, you can go bankrupt’
By Dave SmithDecember 19, 2025
9 hours ago

Latest in Success

Late Apple cofounder Steve Jobs
SuccessCareers
Steve Jobs sold his Volkswagen to raise $1,300 for Apple’s first computer. He became a millionaire just two years later at 23
By Emma BurleighDecember 19, 2025
7 hours ago
Yann LeCun smiles and adjusts his glasses
AIVenture Capital
AI whiz Yann LeCun is already targeting a $3.5 billion valuation for his new startup—and it hasn’t even launched yet
By Dave SmithDecember 19, 2025
7 hours ago
David Baszucki with his thumbs up
SuccessCareer Advice
Roblox CEO David Baszucki went from window cleaner to billionaire tech leader. He says a secret to success has been trusting his gut
By Preston ForeDecember 19, 2025
7 hours ago
Mike Repole sits in front of a microphone
SuccessBillionaires
Billionaire who sold two companies to Coca-Cola says he tries to persuade people not to become entrepreneurs: ‘Every single day, you can go bankrupt’
By Dave SmithDecember 19, 2025
9 hours ago
Erica Kirk
PoliticsRepublican Party
‘I was like, ‘Wow, if Erika can do it, I can do it”: TikTok and Turning Point draw in conservative Gen Z women
By Sejal Govindarao and The Associated PressDecember 19, 2025
9 hours ago
Successthe future of work
The scientist who helped create AI says it’s only ‘a matter of time’ before every single job is wiped out—even safer trade jobs like plumbing
By Orianna Rosa RoyleDecember 19, 2025
9 hours ago