Edibility
No toxicology information exists on Inocybe aeruginascens currently, however a minimum of "23 unintentional intoxications" were reported in 1982 by Drewitz and Babos. Unintentional consumption could be due to the similarity of Marasmius oreades. The symptoms of "intoxication" were hallucinogenic, leading Gartz and Drewitz to eventually discover the first source of psilocybin in any Inocybe species. There are no known deaths directly related to consumption, however edibility is not yet conclusive.
Read more about this topic: Inocybe Aeruginascens