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There is a real opportunity in the growing space of psychedelics. It is not solely the positive impact on health we could see, but a robust investing opportunity as well.

As support for laws that restrict the use of recreational drugs falls, regulations that prevent any useful research into the medicinal benefits also taper off. When certain substances that used to be schedule 1 drugs such marijuana and psychedelics become more acceptable, things start to advance when it comes to medicinal research. Luckily, we are at the beginning of this.

Some places have already decriminalized psychedelics, such as “magic mushrooms,” while others are still looking to do by vote or legal action in the near future. Public support for the war on drugs has never been so low, as good people are wrapped up in legal problems over the possession of plants or fungi that occur in nature. Humans have become discontented with the government telling them what they are allowed to put in their bodies, and what they are banned from.

Public opinions will continue to change, and as they do, investment opportunities will arise for those looking to be a part of that ever-changing social landscape. The expansion of these opportunities in so many aspects is incredible. EGF Theramed Health Corp. has recently announced a decision to partner with Green Parent to advance the research into these alternative and more natural types of medicines.

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    Under the joint venture, both companies have agreed to collaborate for the further development and commercial exploitation of the operations of Green Parrot in the Caribbean, which offers wellness centers and research and development into biosynthesis pathways for psilocybin and cannabinoids.

    Ron McKenna, CEO of Green Parrot stated, “We’re hugely optimistic about the confidence shown by EGF Theramed in the company. Psilocybin laws in Jamaica and the British Virgin Islands are conducive to our business plan and we will be able to proceed with fewer obstacles than many other companies operating in the same area.” He added: “The climate of the Caribbean is a huge draw for medical tourism, and we believe that our wellness centers will provide excellent treatment for those with inflammatory bowel disease.”

    Because of the potential for incredible advancements in medicine, investors have been closely watching psychedelic companies. The meteoric rise of psychedelic stocks and the reform movement currently gaining momentum in North America has many of the same hallmarks as the marijuana industry did in its early days. The situation that is unfolding has cannabis investors excited, especially the ones who may have missed out on the “green rush.” One key difference between the psychedelics industry today and the early days of the cannabis boom is the number of public companies. Currently, there are only a handful of publicly traded companies in the psychedelics space, which could create a scenario where demand for these investments is concentrated in just a few stocks.

    But that is also why investors could stand to turn a huge profit in the coming years. As innovation and research expands, so do the investing opportunities!

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    James Davis

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