Myron Stolaroff was born in Roswell, New Mexico. He received a Masters degree in Electrical Engineering from Stanford University in 1941 and worked in the industry for Ampex Corporation from 1946 to 1960.

In 1961, he founded the International Foundation for Advanced Study in Menlo Park and served as its president from 1961 to 1970. Between 1961 and 1965, The Foundation conducted clinical studies where researchers administered LSD or mescaline to hundreds of subjects. In 1965, the FDA revoked all research permits for psychedelics and research was stopped. Between 1970 and 1986, additional work was conducted using unscheduled compounds, but this research too was stopped with the passage of the Controlled Substance Analogue Act of 1986.

Myron is an active public speaker, covering topics from psychedelics to human consciousness, and is an important elder to the psychedelic community. He serves on the Board of Directors of the Albert Hofmann Foundation, as a consultant to the Heffter Research Institute and on the Board of Advisors for the Center for Cognitive Liberty and Ethics.