Psychedelic Drugs Could Create a $100 Billion Investment Opportunity
With psychedelic drugs showing promise with mental health issues, investors have just begun to push into a space that could be worth up to $100 billion, according to Tania Gonsalves, analyst for Canaccord Genuity Capital Markets, as quoted by Psychedlic Spotlight. She added, “the companies that will emerge as the winners "will have deep pockets, patentable products and a well-thought-out reimbursement strategy." Helping, more cities are just beginning to decriminalize psychedelics, like psilocybin. For example, Denver, Oakland, and Santa Cruz have legalized the use of psilocybin. Oregon also became the first state to legalize psilocybin in a therapeutic setting. With excitement growing with psychedelics, some of the top companies to watch include