Top Psychedelic Penny Stocks To Watch After Latest Big Pharma Deal

Psychedelic Penny Stocks Continue Gaining Ground Among Mainstream Investors

Like any “fringe industry,” there’s plenty of hype and speculation driving momentum behind penny stocks in certain industries. Those of you who’ve been in the markets for the last few years are likely familiar with this trend. We saw it during the early days of cannabis legalization, as well as during the 2018 bitcoin craze and most recently with all of these “NFT stocks.”

Many of these trends go on to evolve into something much bigger than ever thought. A prime example of this is the cannabis industry. Marijuana stocks have gone through the paces. They’ve reached the highest highs and fell to the lowest lows, all while carving out a brand new industry during the last half-decade. The interesting part is that many of the early analysts doubted the industry’s future, saying it was just a fad.

A lot has changed since the first cannabis company went public. This isn’t just based on the birth of a new industry. It’s also based on changes in the mentality of investors. Now it isn’t so “unlikely” for a trendy industry to actually become something more than just a fad. This is something that we’ve begun to see in psychedelics.
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