There is a “psychedelics renaissance” in motion, according to insiders in the industry, as shown by a rush of investor dollars and a number of public market debuts. Some of the investors and banks working in psychedelics are the same ones who were involved with the cannabis boom and subsequent bust.
The psychedelics boom has some parallels with the cannabis bubble. Psychedelics companies Field Trip Health started trading on the Canadian Securities Exchange on Oct. 6. and cannabis-focused asset manager Silver Spike Capital and Harris Fricker, the former CEO of GMP Capital, invested in the company before it went public
Read more at Business Insider: https://www.businessinsider.com/psychedelics-rush-compass-havn-field-trip-mindmed-public-2020-10