Lt. Gov. Dan Patrick and Dustin Burrows, speaker of the Texas House of Representatives, announced $50 million will be put toward research on ibogaine, a psychedelic drug, on March 31.

In June 2025, Gov. Greg Abbott signed into law a bill that would allocate $50 million towards this research in partnership with a state university, drug developer and a hospital. However, no drug companies submitted proposals that met standards and requirements to begin ...