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What has been called the Psychedelics Renaissance is turning into the Psychedelics Gentrification. Psychedelics are going mainstream. What was used in the past in large quantities for “trips” by hippies, are now used daily in microdoses by CEOs, VCs and Moms for performance, mental health, happiness and personal transformation.
World-class publications such as The Economist, The Wall Street Journal, Financial Times, and The Washington Post, have been covering widely the progress psychedelics have made in the last few years, answering to the growing interest from millions.
The legal establishment, never one to moves fast, has surprised players all around the world with weekly announcements of legalization, decriminalization, and reclassification of psychedelics.
Scientists have been engaged in an exponential number of clinical trials with organizations such as the U.S. and Canadian Department of Veterans Affairs now testing the use of psychedelics to support the mental health of their members.
In 2018, the U.S. Food and Drug Administration named psilocybin a “breakthrough therapy” in treatment for severe depression, a designation the agency applies to drugs that in early trials demonstrate substantial improvement over existing treatments.
The market for psychedelics is projected to grow from $2 billion in 2020 to $10.75 billion by 2027; accordingly savvy investors and businesspeople have been busy developing new companies and investment funds to capture the profits.