Chicago business counsel · English or Spanish
Legal strategy for your psilocybin venture
The choices you make about ownership, capital and compliance will shape the future of your venture. At CGG Law, you work directly with Carolina Garza-Gongora on partnership terms, key assets and commercial commitments, and we consider specialized regulatory questions alongside the business-law work.
Book a 30-minute callWe can talk about your structure, your exposure and the decisions coming next.
Structure, risk and opportunity
Build the business around your goals
A good structure ties what each person contributes, and the incentives they have, to decision-making authority, financial expectations and where the business is headed over the long term. We help you see how those pieces fit together, spot where obligations could put strain on the business and set terms that support how it runs. We also talk with you about how the business will make decisions efficiently, respond to change and protect the value it builds.
Partnership and investor terms
Founder contributions, equity vesting, voting thresholds and investor expectations should match the role each person plays. We help you look at how those terms work together, including what happens with additional capital, ownership changes, distributions and a founder’s departure. The arrangement you propose also determines which securities and tax questions need appropriate review.
Enterprise risk and compliance
A lease restriction, a broad indemnity or reliance on one particular authorization can affect whether a project is viable. We review the commercial obligations that are part of our engagement and point out regulatory issues that need specialized attention. When those questions come up early, you can weigh your commitments with a clearer picture of the exposure involved.
Assets and long-term value
Contractual ownership and use of intellectual property, control of key business assets and workable transfer rights can affect future partnerships, financing or a sale. We look at how your commercial agreements support those goals and point out where specialized IP advice is appropriate. Continuity planning also covers how the business keeps going through changes in ownership or leadership.
Planning around authorized activity
The legal pathway shapes the strategy
Regulatory information reviewed November 11, 2026.Psilocybin is listed as a Schedule I controlled substance under federal law. Research and drug development proceed through specific regulatory pathways, and the requirements for a project depend on its activities, jurisdiction and participants. Any applicable state or local permissions must be evaluated together with federal obligations.
For your business planning, this means understanding which authorizations the proposed activity requires, which conditions affect operations and how those requirements influence ownership, property use and commercial commitments. Our firm’s role focuses on the business-law and real-estate work agreed for the matter. Specialized licensing, controlled-substance, healthcare, securities and tax questions require the appropriate expertise and a clearly defined scope.
DEA controlled-substance listFDA psychedelic-drug research and development
Carolina Garza-Gongora · Founder & Attorney
Attorney-led judgment throughout the work
Carolina Garza-Gongora founded CGG Law and is its attorney. She is your primary point of contact, and she works with you in English or Spanish to understand your business goal, look at the legal implications and decide which choices come first. With her, you have a place to talk through competing interests, test assumptions and weigh the consequences before you make a commitment. The scope and responsibilities of the engagement are confirmed in writing.
Understand the business
We start with the proposed activity, the jurisdiction, and your ownership and funding plans. We also talk about the assets, agreements and relationships the business will depend on, along with any decisions you have already made and any deadlines coming up.
Plan the legal work
We identify the business terms that need attention and the questions that call for additional expertise. Our goal is a workable structure with clear responsibilities, informed expectations and a practical order for the decisions ahead.
Apply judgment to the tools
When AI-assisted work is part of a matter, attorney judgment guides its evaluation. Sources, factual assumptions and confidentiality all need to be considered in determining whether research or draft agreements fit the governing law and the client’s objectives.
Common questions
Questions founders bring to the conversation
When should partnership and investor terms be addressed?
These talks are most useful while contributions, roles and expectations are still taking shape. Vesting, voting rights, future funding and exit provisions should be considered together, with securities and tax implications reviewed before the relevant commitments are made. Talking with us early can help set the right scope and timing for that work.
How do licensing and compliance affect the business structure?
The proposed activity and jurisdiction determine which permissions, professional requirements and operating conditions apply. Those requirements can affect who takes part, where the business operates and how agreements are structured. Each matter needs an assessment of the current legal pathway and the specialized review the project requires.
How do we begin working together?
Start by giving us a general description of the project, its location, the people involved and the decision you are facing. Carolina reviews the inquiry and any required conflict check before confirming an engagement and its scope in writing. Confidential documents and patient information should be shared only through the appropriate arrangements established by our firm.
Request a consultation
Discuss the decisions that will shape your business
- Your project, proposed activity and jurisdiction
- Key decisions, commitments and approaching deadlines
- Whether the matter fits our services and the next steps
In a 30-minute video call, in English or Spanish, you and Carolina can talk about the opportunity you see, the commitments you are considering and the questions that need attention first. This first conversation helps us identify the legal work that fits your plans.
Book a 30-minute callFor a time-sensitive inquiry, call (312) 858-7139.
Explore counsel for regulated industriesThis page provides general information about business-law services and selected regulatory issues. Advice about a particular project requires review of its specific facts and current law within an agreed engagement. Laws and agency actions can change, and the scope of representation is confirmed in writing.