Market Research

Psychedelic Invest is your source for the latest business and investing news about the burgeoning psychedelics industry.

New Mexico Takes Bold Steps Towards Psilocybin Therapy Research

Feb 14 • 4 min read

In a remarkable show of bipartisan unity, a New Mexico Senate committee has recently cast a unanimous vote in favor of a resolution aimed at delving into the therapeutic potential of psilocybin mushrooms. This initiative marks a significant stride towards understanding and potentially integrating this psychedelic into therapeutic settings. Spearheaded by Senate Minority Whip Craig…

A Doctor is Suing the DEA To Treat Terminally Ill Patients with Psilocybin

Feb 12 • 3 min read

Dr. Sunil Aggarwal, alongside the Advanced Integrative Medical Science Institute (AIMS) he helped establish, is challenging the Drug Enforcement Administration (DEA) in court. Their lawsuit arises from the DEA’s refusal to permit the use of psilocybin for treating patients facing the end stages of their lives, despite Washington state’s “Right-to-Try” law, which allows for the…

The FDA Accepts MDMA for PTSD Therapy’s New Drug Application

Feb 12 • 2 min read

The U.S. Food and Drug Administration (FDA) has recently accepted a groundbreaking New Drug Application (NDA) submitted by Lykos Therapeutics for MDMA-assisted therapy in the treatment of Post-Traumatic Stress Disorder (PTSD). This pivotal moment signifies a crucial step forward in the potential adoption of psychedelic-assisted treatments within conventional medical practices. Originating from the Multidisciplinary Association…

Newsom Moves California Toward Psychedelic Therapy

Feb 6 • 2 min read

Last fall, California Governor Gavin Newsom expressed readiness to integrate psychedelic drugs into the state’s mental health treatment framework. Following this, Senators Scott Wiener and Assemblymember Marie Waldron have introduced legislation aimed at realizing Newsom’s vision. This bill proposes the legalization of psychedelic therapy for adults over 21, permitting the use of psilocybin mushrooms, MDMA,…

Police Seizures of Psilocybin are Up 369% Since 2017

Feb 6 • 3 min read

As psychedelics have increased in recent years, so have the risks. Data suggests that police seizures of psychedelics, specifically psilocybin (or magic mushrooms), have surged significantly. We take a look at this correlation between excitement and risk below. Introduction to the Rise in Psilocybin Confiscations Recent research has unveiled a significant uptick in law enforcement…

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