Investors are always looking for hot new markets to invest in. Getting into a game-changing industry or company early on often increases the return that investors can make on their investment. One of the newest markets that investors have been investigating heavily is the psychedelics industry.
Psychedelics Then and Now
Psychedelics were once researched around the world for their potential medical benefits. However, much of this research was abandoned during a crackdown on substances like magic mushrooms, LSD, ketamine, and more by the Nixon administration, among others. As a result, psychedelics research disappeared for decades.
More recently though, the interest in psychedelic drugs and their benefits has been renewed. Several companies and universities in Canada, Europe, and even the U.S. are currently conducting research and trials on the effects and benefits of psychedelic drugs. Many of them are finding that psychedelics can benefit those who have mental illnesses.