Although the cannabis industry is shaky at the moment, there’s no doubt that it has established itself as one of the fastest-growing industries worldwide. Investors have observed the same trajectory playing out in the psychedelics industry and are moving in droves to take advantage of this opportunity. Thanks to the global need for effective mental health medications, widespread public support, and emerging psychedelics and cannabis legislation, investors are hopeful that the industry can meet the projections.
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Corporate valuation increased in 21 of the 38 states studied following medical marijuana legalization. Gross…