Doesn’t it actually have some medical benefits such as helping with cancer or mental health problems and depression?
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Public perception. The war on drugs in the 80s was big on the concept of “gateway” drugs. This was why marijuana is still a schedule I substance. It was widely believed that taking mind altering substances would lead to the abuse of more harmful drugs like cocaine and heroin. So government officials classified drugs based on their current accepted uses in the 80s. Marijuana and psilocybin had no accepted medical use so they were deemed as schedule I and placed under the strictest controls. Cocaine was actually still used in some dental procedures so it was given a schedule II designation.
In theory each substance should be allowed to be tested and change its schedule classification as medical science improves. However it is rare for dugs to change its schedule for many reasons. First and foremost is as I said public perception. Many people still see things like marijuana and psilocybin as a counterculture “hippie” thing. Not a legitimate medical drug. The second thing stems from that is politics which is it’s own can of worms.
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