After a torrid rally near the end of 2020, psychedelic drug stocks have been in a holding pattern. Here is why lift-off could occur at any time.
Exploring the companies and themes that make up this emerging and exciting new sector
Field Trip Health Ltd. Announces Official Opening of Psychedelic Research and Cultivation Facility in Jamaica
Field Trip opens a psychedelic research facility in Jamaica, in partnership with University of the West Indies.
Magic mushrooms: How long do they stay in your system?
Magic mushrooms, or “shrooms,” are a type of mushroom containing psilocybin, a hallucinogenic compound.
Mindset Files Multiple Final Patent Applications on Its Novel Psilocybin-Inspired Compounds
Mindset has filed multiple patent applications regarding "both novel prodrug and deuterated derivatives of psilocybin".
Tryp Therapeutics Announces Strategic Investment of $2,000,000
Tryp Therapeutics announces a CAD$2.0 private placement at a unit price of CAD$0.60
ATAI IPO Strategy: Load Up On OTHER Stocks First
ATAI Life Sciences is set to become the new industry leader among psychedelic stocks. But it may not be the best OPPORTUNITY for investors when trading begins.
New Jersey Governor Signs Psilocybin Bill To Immediately Reduce Penalties For Possession
New Jersey Gov. Phil Murphy (D) signed a psilocybin reform bill into law on Thursday, immediately reclassifying possession of up to an ounce of psychedelic-containing mushrooms as a disorderly persons offense.
Cambridge City Council Decriminalizes Psychedelics And Urges Police To End Drug Arrests More Broadly
Cambridge, Massachusetts has become the latest city to decriminalize a wide range of psychedelics following a City Council vote on Wednesday.
Should psychedelic drugs be decriminalized in Mass.? Advocates see opening
Somerville in January became the first jurisdiction in Massachusetts to move toward decriminalizing plant-based psychedelic drugs, with city leaders voting unanimously to recognize the medical uses of natural entheogens — including psilocybin, the active ingredient in “magic mushrooms” — and make them among the lowest enforcement priorities for local police.
Cybin Announces Closing of Upsized Bought Deal Offering
Cybin has closed on a CAD$34 million bought deal financing. Has raised nearly CAD$90 million to date.
The Road To Psychedelics Legalization, Part 2: Psilocybin and MDMA
Psilocybin and MDMA stand out as the two psychedelic drugs with the shortest paths to legalization.
Florida Lawmaker Wants to Legalize Psychedelic Mushrooms by 2022
Although Florida has a history of being slow on the draw when it comes to legalizing drug use (see: the failed effort to legalize recreational marijuana), a Florida lawmaker is hoping the state will take the leap into psychedelics and legalize medical mushrooms as early as 2022.