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Investors pile in on psychedelic drugs

Investors pile in on psychedelic drugs

After years on the outer, psychedelic drugs are making a comeback as a legitimate treatment for patients with mental illness - and investors are taking notice.

Psychedelic drugs might be about to become the next medical marijuana for investors. Getty

Jill MargoSenior writer

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Psychedelics are approaching a new high. After decades of being stigmatised, they are emerging as a legitimate treatment for psychiatric disorders.

They are also emerging as a legitimate new global market for investment. This may sound like an inversion of the world order, but it’s under way in several countries.

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Jill Margo
Jill MargoSenior writerJill Margo is based in the Sydney office. Jill has won multiple prizes, including two Walkley Awards and is an adjunct associate professor at School of Clinical Medicine, Faculty of Medicine and Health, UNSW Sydney, Australia. Connect with Jill on Twitter. Email Jill at jmargo@afr.com

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Original URL: https://www.afr.com/policy/health-and-education/investors-pile-in-on-psychedelic-drugs-20200910-p55u52