Guide to the psychedelics industry: Companies, investors, science

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What to know about the booming psychedelics industry, where companies are racing to turn magic mushrooms and MDMA into approved medicines

entering academia as prestigious universities set up psychedelic research centers. One scientist told Insider that as psychedelic research has emerged from the fringes, donors have begun to catch the"psychedelic bug."In March 2022, Johns Hopkins, Yale, and NYU announced they wereto create a psychedelics curriculum for psychiatrists.

Academics are also running clinical trials to determine how effective psychedelics are at treating various mental health issues. The results from these trials, which could eventually lead to FDA approval for psychedelics, could make or break the industry.that are trying to pave the way for using psychedelics as medicine.

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