Last month, the first psychedelics ETF —
Horizons Psychedelic Stock Index ETF (NEO: PSYK) — began trading on the Canadian NEO exchange.
This is fertile ground for Zappy, who has a track record of getting in on the ground floor.
He left Bear Stearns in 1993 to work in infomercials. After that, he made investments during the dot-com boom, investing in web domains with URLs like Beer.com, Computer.com and CreditCards.com.
Today, much of Zappy's focus is on plant medicine and reform. However, psychedelics aren't a new endeavor for him.
Interest first came about when he learned of lab studies showing potential in treating suicide, addiction, anxiety and depression (the SAAD epidemic).