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Most addiction specialists see promise in psychedelic treatments!

Most Addiction Specialists Support Legalized Therapeutic Psychedelics

A recent survey revealed how psychedelic therapy is viewed by medical professionals in the American Academy of Addiction Psychiatry.

Of the 145 respondents:

  • 64% believe that psychedelics show promise in treating substance use disorders
  • 82% agree that the drugs show promise in treating psychiatric disorders like depression
  • 75% were in favour of legalizing psychedelics for therapeutic uses

Interest is growing among patients too – the vast majority of specialist said they had discussed psychedelic experiences with at least one patient.

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The future of psychedelics, according to an expert

Where the Psychedelic Revolution Is Headed, According to the Guy Who (Arguably) Started It

Rick Doblin, a pioneer psychedelic researcher and activist, made some interesting predictions about the future of psychedelics in the US.

Here’s where he thinks the sector is headed:

  • MDMA will be FDA-approved by the end of 2023, with psilocybin following a year or two after.
  • By 2023 or 2024, there will be 6000+ psychedelic therapy clinics (there are currently about 1000). Every town with a hospice center will have enough demand for a psychedelic clinic.
  • By 2030, one million MDMA therapy sessions will have been administered by 25,000 trained therapists.
  • A licensed legalization model could be implemented around 2035 in which patients can earn a license to use psychedelics outside the clinic once undergoing a supervised session.

Doblin is hopeful that the tremendous impacts on mental health will result in a spiritualized society that “has finally come to the point of embracing global thinking, global humanity, and dealt with economic inequity.”

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Are shroom stocks about to blow up?

Elon Musk Acknowledges Therapeutic Potential Of Psychedelic Drugs: Will This Impact The Markets?

Elon Musk has been known to have a major influence on the stock market, with his Tweets causing Bitcoin and Dogecoin to skyrocket almost instantaneously. His latest interview could take shroom stocks to the moon 😉

In an interview with Ronan Levy, co-founder of Field Trip Health (FTRP), Musk was asked what role he thinks psychedelics have in “addressing some of the more destructive tendencies of humanity.”

Elon replied, “I think, generally, people should be open to psychedelics. A lot of people making laws are kind of from a different era, so I think, as the new generation gets into political power, I think we will see greater receptivity to the benefits of psychedelics.”

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300% growth?

This Psychedelics Stock Could Grow 300% In One Year

Experts predict major growth for this psychedelics stock.

Last week, the financial services firm Cantor Fitzgerald initiated coverage of Cybin Inc. (CYBN).

The stock was just $2.25 per share when the firm gave Cybin a 12-month price target of $9  – a 300% margin.

The analysts believe that Cybin’s proprietary formulation for treating depression which is in phase 2 clinical trials, has great potential for scalability. They explain that Cybin has enough capital to advance its other formulations for anxiety and alcohol use disorder through clinical trials as well.

 

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Atai gains celebrity support

Liam Payne becomes the latest star to invest in a depression treatment made from psychedelic drugs

Since debuting on the NASDAQ last month, Atai Life Sciences (ATAI) has gained support from some celebrity investors. Steve Bartlett, the youngest venture capitalist on Dragon’s Den, became Atai’s creative director, claiming that it is the most important company he has ever invested in. Bartlett believes that “if any company is to effectively tackle the global mental health crisis, it is $Atai.” He recently convinced One Director star Liam Payne to invest in the company, joining the American DJ Diplo.

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If you missed the cannaBUS, jump on the psilocybin train

Maxim Group Gives Buy Rating To 10 Psychedelic Stocks: Compass, MindMed, Cybin, Field Trip And More

Now is the time to buy these 10 psychedelic stocks.

When the cannabis company GW Pharmaceuticals sold for billions earlier this year, those who didn’t invest were left with major regret. If you missed out on cannabis, now is your chance to be an early investor in the shroom boom as psychedelic companies begin to follow a similar pathway. These 10 companies are worth the buy according to Maxim Group’s latest analysis.

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Maxim Group says Mindset Pharma is a ‘Buy’

Maxim Group initiates coverage of Mindset Pharma with a ‘Buy’ rating and price target of US$1

If you want to triple your investment in a year, keep an eye on Mindset Pharma. Mindset currently trades at C$0.45 in Canada (MSET) and US$0.36 in the States (MSSTF), but Maxim Group predicts that the price could go reach US$1 in 12 months, giving the company a ‘buy’ rating. Maxim analysts note that Mindset’s psilocybin compound, MSP-1014, is cheaper to produce than psilocybin and has a relatively short path to market, while Mindset’s other “purpose-designed” compounds could potentially be “best-in-class in the longer term.”

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Mydecine’s psychedelic compound shows “blockbuster potential”, according to Roth Capital Partners

Roth says Mydecine Innovations has blockbuster potential with its MYCO-001 psychedelic therapy as it initiates coverage

Roth Capital Partners, a private investment bank in California, gave Mydecine Innovations Group Inc. (MYCO) a ‘buy’ rating with a C$3  target based on the “blockbuster potential” of its pyschedelic compound, MYCO-001. Mydecine expects to complete advanced clinical trials for PTSD and smoking cessation within the next 18-24 months. Based on this timeline, Roth believes that MYCO-001 could be introduced to the US market for smoking cessation in 2026, and could reach $2.5 billion in sales by 2031 by capturing just 0.5% market. Roth predicts that MYCO-001 will take over 20% of the market for PTSD treatment by 2032, reaching $3 billion in sales.

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Research shows psilocybin’s potential to treat cocaine addiction and chronic pain

Magic mushrooms: UAB studying benefits for addiction and pain

Dr. Peter Hendricks, a researcher at the University of Alabama in Birmingham, found that patients given psilocybin saw significant and lasting reductions in cocaine use compared to patients given a placebo. He plans to continue studying psilocybin’s effect on addiction, as well as on chronic pain conditions like fibromyalgia. Hendricks explains that psilocybin disrupts repetitive thought patterns in the default mode network of the brain, the structures that engage in unfocused activities. “Suddenly your horizons are broadened, and broadened tremendously, and you’re thinking about something other than obtaining or using that drug (or worrying about your pain)”.

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Tryp Therapeutics (TRYP) aims to use psychedelics in eating disorder treatment

Dr. Jennifer Miller | Principal Investigator, Tryp Therapeutics

Tryp Therapeutics Inc. (TRYP), is conducting a phase 2 clinical trial that will investigate psilocybin’s effect on hypothalamic obesity conditions. Principal Investigator Dr. Jennifer Miller is confident that psilocybin therapy will reduce appetite drive, food-related anxiety, compulsive eating, and impulsive eating by rewiring neural pathways to alleviate the underlying psychiatric issues. She is hopeful that psilocybin could treat millions of patients with a wide range of previously untreatable, chronic conditions.

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